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45 East Palisades Boulevard

Updated Dec 4, 2024

Chris Aufiero Of Ridgeco Properties Brokers Sale Of Multifamily Home In Palisades Park For $1.15M
SOLDMultiFamily

Chris Aufiero Of Ridgeco Properties Brokers Sale Of Multifamily Home In Palisades Park For $1.15M

45 East Palisades Boulevard

$1,150,000

Building Size

—

Asset Type

MultiFamily

Closing

Jul 8, 2024

About this deal

AI

The property asset involved in the transaction is a two-family home located at 45 East Palisades Boulevard in the Palisades Park market. The sale price for the asset was $1,150,000, and it features separate units comprising three bedrooms and bathrooms. Additional amenities include a basement family room, washer/dryer, and garage, reflecting its suitability as an investment opportunity near transportation and shopping amenities.

Summary of transaction details:

Chris Aufiero of Ridgeco Properties acted as the broker for the sale of the property, facilitating the transaction. The sale involved distinct considerations including the separate living spaces and the property’s potential for rental income, demonstrating its appeal to investors in the real estate market.

On the Map

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$1,150,000

MultiFamily

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Players

Chris Aufiero

Ridgeco Properties

Broker

$1.2M

vol

1 deal

Broker

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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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