Big City Realty, LLC Acquires Multifamily Property In Fort Lee, NJ For $1.125M
495 Catherine St, Fort Lee, NJ, USA
$1,125,000
$332/SF
Building Size
3,388 SF
Asset Type
MultiFamily
Closing
Mar 18, 2021
AI
The property involved in this closed transaction is a multifamily asset located at 495 Catherine St, Fort Lee, NJ. The sale took place on 03/19/2021, and the property was sold for a price of $1,125,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,125,000
- Address: 495 Catherine St
- Market: Fort Lee, NJ
Charles Yi from Big City Realty, LLC represented the buyer in this transaction, while Shin Chung from RE/MAX Fortune Properties represented 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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93