facebook
Traded Co logo
Submit
Daily limit: 0/10

Multifamily In Palisades Park Sells For $1.9M With Buyer's Rep Kyung Park & Seller's Rep William Broderick

Property Image
SOLD
$1,899,000
William Broderick
KP

New Jersey

See Similar Deals
MultiFamily
Sold
the dealplayerscompscontact
Property Image
SOLD

Multifamily In Palisades Park Sells For $1.9M With Buyer's Rep Kyung Park & Seller's Rep William Broderick

448 1st Street

See Similar Deals
MultiFamily
Sold
William Broderick
KP
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property located at 448 1st Street in Palisades Park was sold for $1,899,000. The property is situated in a desirable location in Palisades Park and offers multiple units for residential use. It is a valuable asset for both the buyer and the seller.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,899,000
  • Address: 448 1st Street
  • Market: Palisades Park

The buyer, represented by Kyung Park of Young Star Realty, recognized the potential of this multifamily property and successfully negotiated the purchase. On the other side, the seller, represented by William Broderick of Ridgeco Properties, facilitated the transaction and ensured a smooth process for both parties involved.

NOTE: A significant milestone was achieved in Palisades Park with the successful sale of the multifamily property located at 448 1st Street. The buyer, represented by Kyung Park of Young Star Realty, acquired this valuable asset for $1,899,000. William Broderick of Ridgeco Properties acted as the seller's representative, bringing the deal to a successful conclusion.

Players

William Broderick
Ridgeco Properties
William Broderick
4 deals$8.3M volume
BROKER
KP
Young Star Realty
Kyung Park
2 deals$1.9M volume(917) 747-2027
BROKER

Details

SOLD
IMAGE: William Broderick DATE: 11/17/2023 ADDRESS: 448 1st Street MARKET: Palisades Park ASSET TYPE: Multifamily BUYER'S REP: Kyung Park - Young Star Realty SELLER'S REP: William Broderick (@williambroderick2495) - Ridgeco Properties (@RidgecoProperties) SALE PRICE: $1,899,000 NOTE: A multifamily property located at 448 1st Street in Palisades Park was sold for $1,899,000. Kyung Park of Young Star Realty represented the buyer, and William Broderick of Ridgeco Properties represented the seller.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$101,280.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,746.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,002.23
Annual Debt Service$108,026.75