Updated Dec 21, 2023
Exclusive Properties Realty, LLC Sells Multifamily Property In Palisades Park, NJ For $1.45M
330 3rd Street, Palisades Park, NJ, USA
$1,445,000
$945/SF
Building Size
1,529 SF
Asset Type
MultiFamily
Closing
Aug 30, 2021
About this deal
AI
The multifamily property located at 330 3rd St in Palisades Park, NJ, was recently sold for a sale price of $1,445,000. The transaction took place on 08/30/2021. The property consists of 2 units, with each unit priced at approximately $722,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,445,000
- Units: 2
- Price per Unit (PPU): $722,500
- Address: 330 3rd St
- Market: Palisades Park, NJ
The sale was facilitated by Monis Young of Exclusive Properties Realty, LLC acting as the broker for the transaction.
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
10.98%
Cash-on-Cash
-3.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93