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Proper Estates Brokers $1.875M Sale Of Palisades Park Multifamily
SOLD
$1,875,000
New Jersey
See Similar DealsMultiFamily
Sold 11/22/2023
SOLD
Proper Estates Brokers $1.875M Sale Of Palisades Park Multifamily
25 East Edsall Boulevard
See Similar DealsMultiFamily
Sold 11/22/2023
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 25 East Edsall Boulevard in Palisades Park has been sold for $1,875,000. The transaction was brokered by Brian S. Kim of Proper Estates.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,875,000
The sale of the property at 25 East Edsall Boulevard in Palisades Park was facilitated by Brian S. Kim of Proper Estates. Brian S. Kim represented the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$100,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,661.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,888.46
Annual Debt Service$106,661.48
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