Updated Sep 5, 2024
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
About this deal
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.
On the Map
$1,180,000
$412/SF
MultiFamily
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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