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470 Palisades Boulevard

Barbara Perez Of Ridgeco Properties Represents Buyer In $1.275M Fort Lee Multifamily Sale
SOLDMultiFamily

Barbara Perez Of Ridgeco Properties Represents Buyer In $1.275M Fort Lee Multifamily Sale

470 Palisades Boulevard

$1,275,000

Building Size

Asset Type

MultiFamily

Closing

Jul 26, 2024

AI

470 Palisades Boulevard is a multifamily property located in Fort Lee, which has been sold for $1,275,000.

Summary of transaction details:

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.

Players

Kenneth Colangelo

Re/Max

Broker

$1.3M

vol

1 deal

Broker

Fort Lee 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

12.44%

Cash-on-Cash

-3.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93