Updated Dec 19, 2023
Top Realty Acquires Multifamily Property In Palisades Park, NJ For $1.9M
65 W Homestead Ave, Palisades Park, NJ, USA
$1,900,000
$447/SF
Building Size
4,244 SF
Asset Type
MultiFamily
Closing
May 24, 2021
About this deal
AI
The multifamily property located at 65 W Homestead Ave in Palisades Park, NJ has been sold for $1,900,000. The property features a desirable location and offers potential for a lucrative investment opportunity. The transaction took place on 05/25/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,900,000
- Address: 65 W Homestead Ave, Palisades Park, NJ
- Market: Palisades Park, NJ
The buyer's representative in this transaction was Woo Park from Top Realty, while the seller's representative was Tammy Kim from Ridgeco Properties, Inc., Englewood Cliffs. Both the buyer's and seller's representatives played crucial roles in facilitating the successful completion of the deal.
Players
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93