Updated Dec 4, 2024
Shin Chung Of Re/Max Fortune Properties Brokers Sale Of Multifamily Duplex In Fort Lee For $1.56M
2484 6th Street
$1,562,500
Units
2
Asset Type
MultiFamily
Closing
Jul 29, 2024
About this deal
AI
2484 6th Street is a two-family duplex located in Fort Lee. The asset was sold for $1,562,500, resulting in a price per unit of $781,250.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,562,500
- Units: 2
- Price per Unit: $781,250
- Date of Sale: 07/29/2024
- Broker: Shin Chung
- Agency: Re/Max Fortune Properties
- Market: Fort Lee
Shin Chung of RE/MAX Fortune Properties facilitated the transaction, emphasizing the property's prime location and its investment potential near Englewood Cliffs.
The multifamily sale at 2484 6th Street in Fort Lee, New Jersey sold for $1.6M in 2024. Reported inventory is 2 units across 2 units. Shin (Sam) Chung, Re/Max appear on the sale alongside Re/Max. This page is the Fort Lee, New Jersey file for the 2484 6th Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Fort Lee sit in the Market section below. Filter that Fort Lee multifamily set by closing date to see what else sold near 2484 6th Street around 2024. Published consideration for 2484 6th Street is $1.6M, dated 2024. Cite this Shin Chung Of Re/Max Fortune Properties Brokers Sale Of Multifamily Duplex In Fort Lee For $1.56M sale when underwriting similar multifamily product around Fort Lee, New Jersey.
On the Map
$1,562,500
MultiFamily
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Fort Lee MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.15%
Cash-on-Cash
-2.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93