Updated Sep 9, 2024
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
Units
2
Asset Type
MultiFamily
Closing
Feb 6, 2022
About this deal
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.
The multifamily sale at 252 Glen Avenue, Palisades Park, New Jersey 07650, United States in Palisades Park, New Jersey sold for $1.3M in 2022. Reported inventory is 2 units across 2 units. Gina Seo, Woo H. Choi, Kaymax Realty appear on the sale alongside Kaymax Realty. This page is the Palisades Park, New Jersey file for the 252 Glen Avenue, Palisades Park, New Jersey 07650, United States 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 252 Glen Avenue, Palisades Park, New Jersey 07650, United States around 2022. Published consideration for 252 Glen Avenue, Palisades Park, New Jersey 07650, United States is $1.3M, dated 2022. Cite this Kaymax Realty Acquires Multifamily Property In Palisades Park, NJ For $1.31M sale when underwriting similar multifamily product around Palisades Park, New Jersey.
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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