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:
- 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.
Players
Fort Lee 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
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93