SOLDMultiFamily
Shin Chung Of Re/Max Fortune Properties Brokers Sale Of Multifamily Duplex In Fort Lee For $1.56M
2484 6th Street
$1,562,500
Building Size
—
Asset Type
MultiFamily
Closing
Jul 29, 2024
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.
Players
Fort Lee MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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