Kaymax Realty Acquires Multifamily Property In Palisades Park, NJ For $1.31M
252 Glen Avenue, Palisades Park, New Jersey 07650, United States
$1,310,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 6, 2022
AI
The multifamily property located at 252 Glen Ave in Palisades Park, NJ has been sold for a price of $1,310,000. The property consists of 2 units, with a per unit price of $655,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,310,000
- Address: 252 Glen Ave, Palisades Park, NJ
- Market: Palisades Park, NJ
Gina Seo from Kaymax Realty, Inc. represented the buyer in this transaction, while Woo Choi from Alpine Global Properties, LLC represented the seller.
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
12.11%
Cash-on-Cash
-3.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93