Christie's International Real Estate Represents Buyer Sara Shin In $1.5M Multifamily Sale In Fort Lee
263 Moore Street
$1,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 14, 2024
AI
A 2-unit multifamily home located at 263 Moore Street in Fort Lee has been sold for $1,500,000, with each unit priced at $750,000. The property features spacious 3-bedroom, 2.5-bath units, central A/C, and a 2-car garage. Recent renovations enhance its appeal as an investment opportunity.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Units: 2
- Price Per Unit: $750,000
- Buyer's Representative: Sara Shin - Christie's International Real Estate
- Seller's Representative: Rosalyn Shehati - Prominent Properties Sotheby's International Realty
The transaction involved the expertise of Sara Shin representing the buyer and Rosalyn Shehati advocating for the seller, both from reputable real estate agencies. Their roles were crucial in facilitating the successful sale of the property.
Players
Fort Lee MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93