facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Multifamily

/

Sale

/

45 East Palisades Boulevard

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

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.

Players

Chris Aufiero

Ridgeco Properties

Broker

$1.2M

vol

1 deal

Broker

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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93