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519 Summit Avenue

Updated Aug 27, 2026

Joseph Lee Purchases 519 Summit Avenue Multifamily In Fort Lee For $1,108,000 With Seller's Reps
SOLDMultiFamily

Joseph Lee Purchases 519 Summit Avenue Multifamily In Fort Lee For $1,108,000 With Seller's Reps

519 Summit Avenue

$1,108,000

$524/SF

Building Size

2,112 SF

Asset Type

MultiFamily

Closing

Jul 1, 2026

About this deal

AI

The property asset involved in this transaction is a multifamily unit located at 519 Summit Avenue in Fort Lee, New Jersey. The sale price for the property was $1,108,000, encompassing a total square footage of 2,112 and a price per square foot of $524.

Summary of transaction details:

This transaction highlights the proficiency of the involved parties, particularly the collaboration among the sellers' representatives. The team is composed of Jules Garcia from Compass, along with William Yau and Nikita Idiri from Waterview Advisory Group, who successfully managed the listing process. Michael Kolsky from Coldwell Banker played a crucial role in ensuring that the sale progressed without issues, showcasing the strategic and connected approach of Waterview Advisory Group in real estate transactions.

Players

Jules Garcia
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Jules Garcia

Compass

Broker

$32.6M

vol

9 deals

Broker

Joseph Lee

Buyer

$1.1M

vol

1 deal

Buyer

Fort Lee MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $524 per square foot on a published $1.1M for 2,112 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.32%

Cash-on-Cash

-4.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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