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Seung Hee Hong & Tony Nabhan Close $1.2M Multifamily Sale In Cliffside Park

Property Image
SOLD
$1,200,000
Tony Nabhan
SH

New Jersey

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MultiFamily
Sold
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Property Image
SOLD

Seung Hee Hong & Tony Nabhan Close $1.2M Multifamily Sale In Cliffside Park

447 Willfred Terrace

See Similar Deals
MultiFamily
Sold
Tony Nabhan
SH
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

447 Willfred Terrace in Cliffside Park has been sold for $1.2 million. The buyer, represented by Seung Hee Hong from C Land Realty, and the seller, represented by Tony Nabhan from Keller Williams City Views Realty, closed the transaction successfully.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Address: 447 Willfred Terrace
  • Market: Cliffside Park

Seung Hee Hong from C Land Realty worked as the buyer's representative in this multifamily property sale, while Tony Nabhan from Keller Williams City Views Realty served as the seller's representative, ensuring a smooth and efficient transaction.

Players

Tony Nabhan
Keller Williams Realty
Tony Nabhan
8 deals$18.8M volume(973) 271-1044
BROKER
SH
C Land Realty
Seung Hee Hong
1 deal$1.2M volume
BROKER

Details

SOLD
IMAGE: Seung Hee Hong & Tony Nabhan DATE: 05/15/2024 ADDRESS: 447 Willfred Terrace MARKET: Cliffside Park ASSET TYPE: Multifamily BUYER'S REP: Seung Hee Hong - C Land Realty SELLER'S REP: Tony Nabhan (@Tony.Nabhan) - Keller Williams City Views Realty (@KWCityViews) SALE PRICE: $1,200,000 NOTE: 447 Willfred Terrace in Cliffside Park sold for $1.2 million, with Seung Hee Hong of C Land Realty representing the buyer and Tony Nabhan of Keller Williams representing the seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35