C Land Realty Acquires Multifamily Property On 4th St In Palisades Park For $1.43M
341 4th Street, Palisades Park, NJ, USA
$1,430,000
$325/SF
Building Size
4,400 SF
Asset Type
MultiFamily
Closing
May 18, 2020
AI
A multifamily property located at 341 4th St in Palisades Park, NJ was recently sold for a total price of $1,430,000. The property spans a total of 4,400 square feet, resulting in a price per square foot of $325.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,430,000
- Address: 341 4th St, Palisades Park, NJ
- Market: Palisades Park, NJ
The buyer was represented by Jong Yun from C Land Realty, while the seller was represented by Woo H. Choi from Alpine Global Properties, LLC.
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
11.09%
Cash-on-Cash
-3.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93