Keller Williams Town Life Acquires Multifamily Property In Palisades Park, NJ For $1.17M
SOLD
$1,170,000
New Jersey
See Similar DealsMultiFamily5,550 SF
Sold 07/16/2021
SOLD
Keller Williams Town Life Acquires Multifamily Property In Palisades Park, NJ For $1.17M
75 Liberty Pl, Palisades Park, NJ, USA
See Similar DealsMultiFamily5,550 SF
Sold 07/16/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$210
Total Square Footage:5,550 SF
Transaction Type:Sale
The multifamily property located at 75 Liberty Pl in Palisades Park, NJ has been sold for a price of $1,170,000. The transaction took place on July 16, 2021. The property consists of 2 units, with a price per unit of $585,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,170,000
- Date: 07/16/2021
- Address: 75 Liberty Pl
- Market: Palisades Park, NJ
The buyer's representative for this transaction was Emily Kim from Keller Williams Town Life, while the seller's representative was Sang Won Kim from Realty Avenue, LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,156.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,546.40
Annual Debt Service$66,556.76
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