Updated Dec 4, 2024
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
About this deal
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.
The multifamily sale at 470 Palisades Boulevard in Fort Lee, New Jersey sold for $1.3M in 2024. 470 Palisades Boulevard is classified as Multifamily on Traded. Kenneth Colangelo, Barbara Perez, Re/Max, Ridgeco Properties appear on the sale alongside Re/Max, Ridgeco Properties. This page is the Fort Lee, New Jersey file for the 470 Palisades Boulevard multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Fort Lee sit in the Market section below. Filter that Fort Lee multifamily set by closing date to see what else sold near 470 Palisades Boulevard around 2024. Published consideration for 470 Palisades Boulevard is $1.3M, dated 2024. Cite this Barbara Perez Of Ridgeco Properties Represents Buyer In $1.275M Fort Lee Multifamily Sale sale when underwriting similar multifamily product around Fort Lee, New Jersey.
On the Map
$1,275,000
MultiFamily
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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