Updated Sep 29, 2026
Blue Diamond Equities And Skywood Properties Acquire Multifamily In Fort Lee, NJ For $55.35M
69 Main Street, Fort Lee, NJ, USA
$55,350,000
$74,797/SF
Building Size
740 SF
Asset Type
MultiFamily
Closing
Apr 29, 2021
About this deal
AI
The multifamily property located at 69 Main Street in Fort Lee, NJ has been sold for a total price of $55,350,000. The transaction took place on April 30, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $55,350,000
- Address: 69 Main Street, Fort Lee, NJ
- Market: Fort Lee, NJ
Blue Diamond Equities & Skywood Properties have purchased the property from 69 Main Street Fort Lee Urban Renewal. The transaction involved a total of 142 units, resulting in a price per unit of $389,789. The deal was facilitated by the brokers Scott Davidovic & Justin Lupo from Kislak Co. Inc.
On the Map
$55,350,000
$74,797/SF
MultiFamily
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Players
Fort Lee 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93