Casey Egan Of Ripco Represents Sale Of Palisades Park Multifamily Asset For $2.3M

The property asset involved in this transaction is a multi-family unit located at 360 Northwood Way in Palisades Park. The sale price was $2,300,000. This multi-family building consists of 11 units, with a total square footage of 8,525 and a price per square foot of $269.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $2,300,000
• Units: 11
• Price Per Unit: $209,090
• Square Footage: 8,525
• Price Per Square Foot: $269
• Cap Rate: 3.03%
• Broker: Casey Egan - Ripco
• Note: Owner financing, Value-add brick garden

Casey Egan from Ripco represented the seller in this transaction, facilitating the sale of the multi-family asset and assisting in negotiating terms, including owner financing options. The transaction highlights the potential for value-add opportunities in the property.