Updated Sep 5, 2024
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
About this deal
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.
The multifamily sale at 495 Catherine St, Fort Lee, NJ, USA in Fort Lee, New Jersey sold for $1.1M in 2021. The building is 3,388 square feet, implying about 332 per square foot on the published price. Shin (Sam) Chung, Charles Yi, Re/Max appear on the sale alongside Re/Max. This page is the Fort Lee, New Jersey file for the 495 Catherine St, Fort Lee, NJ, USA 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 495 Catherine St, Fort Lee, NJ, USA around 2021. Published consideration for 495 Catherine St, Fort Lee, NJ, USA is $1.1M, dated 2021. Cite this Big City Realty, LLC Acquires Multifamily Property In Fort Lee, NJ For $1.125M sale when underwriting similar multifamily product around Fort Lee, New Jersey.
Players
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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93