Updated Dec 4, 2024
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:
- Property Type: Multifamily
- Transaction Amount: $1,186,000
- Units: 2
- Price Per Unit: $593,000
- Address: 407 North Avenue, Fort Lee
- Market: Fort Lee
- Brokers: Daniel Lee & Kyung Choi - Hudson One Realty
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
Fort Lee MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Hudson One Realty to view all their deals.
Browse Fort Lee multifamily sales on Traded.
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