Updated Dec 20, 2023
Eastern Realty Acquires Multifamily Property In Palisades Park, NJ For $1.05M
265 Highland Avenue, Palisades Park, NJ, USA
$1,050,000
$354/SF
Building Size
2,966 SF
Asset Type
MultiFamily
Closing
Oct 6, 2021
About this deal
AI
Located at 265 Highland Ave in Palisades Park, NJ, this multifamily property was recently sold for a price of $1,050,000. The property consists of 4 units, with each unit having a price per unit of $262,500. The transaction was completed on October 6, 2021. The image accompanying this post features Bok Kim and Justin Kang.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 265 Highland Ave, Palisades Park, NJ
- Units: 4
- Price Per Unit: $262,500
- Buyer's Rep: Bok Kim - Eastern Realty, Inc.
- Seller's Rep: Justin Kang - Good Neighbor Realty LLC
- Date: October 6, 2021
Bok Kim, representing Eastern Realty, Inc., acted as the buyer's representative in this transaction. On the other hand, Justin Kang served as the seller's representative for Good Neighbor Realty LLC. Their roles were instrumental in finalizing the deal for this multifamily property.
On the Map
$1,050,000
$354/SF
MultiFamily
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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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93