Big City Realty, LLC Acquires Multifamily Property In Fort Lee, NJ For $1.125M
SOLD
$1,125,000
New Jersey
See Similar DealsMultiFamily3,388 SF
Sold 03/19/2021
SOLD
Big City Realty, LLC Acquires Multifamily Property In Fort Lee, NJ For $1.125M
495 Catherine St, Fort Lee, NJ, USA
See Similar DealsMultiFamily3,388 SF
Sold 03/19/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$332
Total Square Footage:3,388 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$60,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,996.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,333.07
Annual Debt Service$63,996.89
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