Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,250,000
MultiFamily
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Palisades Park MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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