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Barbara Perez Of Ridgeco Properties Represents Buyer In $1.275M Fort Lee Multifamily Sale
SOLD
$1,275,000
New Jersey
See Similar DealsMultiFamily
Sold 07/26/2024
SOLD
Barbara Perez Of Ridgeco Properties Represents Buyer In $1.275M Fort Lee Multifamily Sale
470 Palisades Boulevard
See Similar DealsMultiFamily
Sold 07/26/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
470 Palisades Boulevard is a multifamily property located in Fort Lee, which has been sold for $1,275,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,275,000
- Address: 470 Palisades Boulevard
- Market: Fort Lee
- Buyer's Representative: Barbara Perez - Ridgeco Properties
- Seller's Representative: Kenneth Colangelo - Re/Max Real Estate Limited
The transaction was facilitated by Barbara Perez of Ridgeco Properties, who represented the buyer, while Kenneth Colangelo of Re/Max Real Estate Limited acted on behalf of the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,529.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,044.15
Annual Debt Service$72,529.81
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