Taylor C. Lucyk Acquires 2-Unit Multifamily In Palisades Park, NJ For $1.32M
338 10th Street, Palisades Park, NJ 07650
$1,320,000
$377/SF
Building Size
3,498 SF
Asset Type
MultiFamily
Closing
Dec 20, 2021
AI
A multifamily property located at 338 10th St in Palisades Park, NJ was recently sold for $1,320,000. The transaction took place on 12/20/2021. The property consists of 2 units, with a price per unit of $660,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,320,000
- Address: 338 10th St, Palisades Park, NJ
- Market: Palisades Park, NJ
Taylor C. Lucyk from Christie's International Real Estate Northern New Jersey, Inc. represented the buyer in this transaction. Gina Seo from Kaymax Realty, Inc. represented the seller.
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
12.02%
Cash-on-Cash
-3.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93