Multifamily Property In Palisades Park Sold For $1.25M With RE/MAX's Shin Chung As The Broker
439 3rd Street
$1,250,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 5, 2023
AI
A multifamily property located at 439 3rd Street in Palisades Park has been sold. The property was sold for a total of $1.25 million. Shin Chung of RE/MAX Fortune Properties represented the buyer and seller in this transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 439 3rd Street
- Market: Palisades Park
Shin Chung, a licensed real estate broker working with RE/MAX Fortune Properties, played a crucial role in facilitating the sale of this multifamily property. The successful transaction demonstrates Chung's expertise and knowledge of the Palisades Park market.
Players
Palisades Park MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93