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263 Moore Street

Christie's International Real Estate Represents Buyer Sara Shin In $1.5M Multifamily Sale In Fort Lee
SOLDMultiFamily

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:

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

Sara Shin

Christie's International Real Estate

Broker

$5.6M

vol

4 deals

Broker

Fort Lee 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93