Keller Williams Town Life Acquires Multifamily Property In Palisades Park, NJ For $1.17M
75 Liberty Pl, Palisades Park, NJ, USA
$1,170,000
$210/SF
Building Size
5,550 SF
Asset Type
MultiFamily
Closing
Jul 15, 2021
AI
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.
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
13.56%
Cash-on-Cash
-3.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93