Updated Dec 4, 2024
Young Star Realty's Jong Bok Choi Represents Buyer In Palisades Park Multifamily Sale
519 Orchard Avenue
$2,165,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 21, 2024
About this deal
AI
In Palisades Park, a multifamily property at 519 Orchard Avenue was sold for $2,165,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,165,000
- Address: 519 Orchard Avenue
- Market: Palisades Park
Jong Bok Choi of Young Star Realty represented the buyer in the transaction, while Daniel Sokolich of Sokolich Real Estate acted as the seller's representative.
The multifamily sale at 519 Orchard Avenue in Palisades Park, New Jersey sold for $2.2M in 2024. 519 Orchard Avenue is classified as Multifamily on Traded. Daniel Sokolich, Jong Bok Choi, Young Star Realty, Sokolich Real Estate appear on the sale alongside Young Star Realty, Sokolich Real Estate. This page is the Palisades Park, New Jersey file for the 519 Orchard Avenue multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Palisades Park sit in the Market section below. Filter that Palisades Park multifamily set by closing date to see what else sold near 519 Orchard Avenue around 2024. Published consideration for 519 Orchard Avenue is $2.2M, dated 2024. Cite this Young Star Realty's Jong Bok Choi Represents Buyer In Palisades Park Multifamily Sale sale when underwriting similar multifamily product around Palisades Park, New Jersey.
On the Map
$2,165,000
MultiFamily
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Palisades Park 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
7.33%
Cash-on-Cash
-2.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93