Eastern Realty, Inc. Facilitates $1.2M Sale Of Fort Lee Multifamily Property At 408 Jane St
SOLD
$1,235,000
New Jersey
See Similar DealsMultiFamily
Sold 04/29/2022
SOLD
Eastern Realty, Inc. Facilitates $1.2M Sale Of Fort Lee Multifamily Property At 408 Jane St
408 Jane Street, Fort Lee, New Jersey 07024, United States
See Similar DealsMultiFamily
Sold 04/29/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 408 Jane St in Fort Lee has been sold for a price of $1,235,000. The sale was facilitated by broker Sara Shin from Eastern Realty, Inc. The transaction took place on April 29, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,235,000
- Address: 408 Jane St
- Market: Fort Lee
Sara Shin from Eastern Realty, Inc. served as the broker in this transaction, representing the parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,387.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,854.53
Annual Debt Service$70,254.36
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