Updated Dec 21, 2023
John Park & Jeffrey Costa Jr. Acquire Multifamily Property In Palisades Park For $1.04M
276 8th St, Palisades Park, NJ, USA
$1,040,000
$321/SF
Building Size
3,236 SF
Asset Type
MultiFamily
Closing
Feb 9, 2021
About this deal
AI
A multifamily property located at 276 8th St in Palisades Park was recently sold for $1,040,000. The transaction took place on February 10, 2021. The property features multiple residential units, making it suitable for housing multiple families.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,040,000
- Date: February 10, 2021
- Address: 276 8th St
- Market: Palisades Park
John Park from Kingstone Realty acted as the buyer's representative for this transaction, while Jeffrey Costa Jr. from EXP Realty, LLC represented the seller. Their expertise and negotiation skills played a crucial role in facilitating the deal.
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
15.25%
Cash-on-Cash
-4.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93