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Young Star Realty's Jong Bok Choi Represents Buyer In Palisades Park Multifamily Sale
SOLD
$2,165,000
New Jersey
See Similar DealsMultiFamily
Sold
SOLD
Young Star Realty's Jong Bok Choi Represents Buyer In Palisades Park Multifamily Sale
519 Orchard Avenue
See Similar DealsMultiFamily
Sold
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$115,466.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,691.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,263.20
Annual Debt Service$123,158.45
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