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
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.
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