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407 North Avenue

Updated Dec 4, 2024

Daniel Lee & Kyung Choi Of Hudson One Realty Sell Fort Lee Multifamily For $1.186M
SOLDMultiFamily

Daniel Lee & Kyung Choi Of Hudson One Realty Sell Fort Lee Multifamily For $1.186M

407 North Avenue

$1,186,000

Units

2

Asset Type

MultiFamily

Closing

Jun 21, 2024

About this deal

AI

The two-family home located at 407 North Avenue in Fort Lee has been sold for $1,186,000. This property features two beautifully appointed units with hardwood floors, central heating, and recent roof and gutter installations, offering comfort and convenience to its residents. Situated in a prime location close to Manhattan bus stops and major commuting routes like Route 46 and the George Washington Bridge, this well-maintained asset provides a desirable living space.

Summary of transation details:

Daniel Lee and Kyung Choi of Hudson One Realty facilitated the transaction of 407 North Avenue. Their expertise in the real estate market contributed to the successful sale of this two-family home in Fort Lee. The collaboration between these professionals ensured a smooth and efficient closing process, showcasing their commitment to delivering exceptional service to their clients.

Players

Daniel Lee

Hudson One Realty

Broker

$1.2M

vol

1 deal

Broker

Fort Lee MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $593K per unit across 2 units on a published $1.2M (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.38%

Cash-on-Cash

-3.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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