Updated Dec 4, 2024
Proper Estates Brokers $1.875M Sale Of Palisades Park Multifamily
25 East Edsall Boulevard
$1,875,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 22, 2023
About this deal
AI
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.
The multifamily sale at 25 East Edsall Boulevard in Palisades Park, New Jersey sold for $1.9M in 2023. 25 East Edsall Boulevard is classified as Multifamily on Traded. Brian S. Kim, Proper Estates appear on the sale alongside Proper Estates. This page is the Palisades Park, New Jersey file for the 25 East Edsall Boulevard multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Palisades Park sit in the Market section below. Filter that Palisades Park multifamily set by closing date to see what else sold near 25 East Edsall Boulevard around 2023. Published consideration for 25 East Edsall Boulevard is $1.9M, dated 2023. Cite this Proper Estates Brokers $1.875M Sale Of Palisades Park Multifamily sale when underwriting similar multifamily product around Palisades Park, New Jersey.
Players
Palisades Park 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
8.46%
Cash-on-Cash
-2.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93