SOLDMultiFamily
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
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.
Players
Palisades Park 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
7.33%
Cash-on-Cash
-2.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93