C Land Realty Acquires Multifamily Property In Palisades Park, NJ For $1.18M
72 Brinkerhoff Terrace, Palisades Park, NJ 07650
$1,180,000
$412/SF
Building Size
2,862 SF
Asset Type
MultiFamily
Closing
May 14, 2020
AI
A multifamily property located at 72 Brinkerhoff Ter in Palisades Park, NJ, was recently sold for $1,180,000. The property features multiple residential units and is situated in the Palisades Park market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,180,000
- Buyer's Representative: Kay Suh - C Land Realty - Palisades Park
- Seller's Representative: Justin Kang - Good Neighbor Realty LLC
The buyer in this transaction was represented by Kay Suh from C Land Realty - Palisades Park, while Justin Kang from Good Neighbor Realty LLC represented the seller. This deal showcases the expertise and negotiation skills of these real estate professionals.
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
13.44%
Cash-on-Cash
-3.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93