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Tony Nabhan Of Keller Williams City Views Sells Multifamily Property In Cliffside Park For $1,045,000
SOLD
$1,045,000
New Jersey
See Similar DealsMultiFamily
Sold 01/19/2024
SOLD
Tony Nabhan Of Keller Williams City Views Sells Multifamily Property In Cliffside Park For $1,045,000
384 Palisade Avenue
See Similar DealsMultiFamily
Sold 01/19/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
384 Palisade Avenue, a multifamily property located in Cliffside Park, was recently sold. The property, represented by Tony Nabhan from Keller Williams City Views, was sold for a total price of $1,045,000.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,045,000
- Address: 384 Palisade Avenue, Cliffside Park
- Market: Cliffside Park
- Broker: Tony Nabhan - Keller Williams City Views
This successful transaction demonstrates the value and appeal of the multifamily property located at 384 Palisade Avenue. With Tony Nabhan as the representative from Keller Williams City Views, the property was sold for an impressive price of $1,045,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,712.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,953.83
Annual Debt Service$59,446.00
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