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Kay Suh & Sung H. Sul Facilitate $1.4M Multifamily Sale In Palisades Park

Property Image
SOLD
$1,400,000
Kay Suh
Sung H. Sul

New Jersey

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MultiFamily
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Property Image
SOLD

Kay Suh & Sung H. Sul Facilitate $1.4M Multifamily Sale In Palisades Park

88 West Edsall Boulevard

See Similar Deals
MultiFamily
Sold
Kay Suh
Sung H. Sul
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

Located in the heart of Palisades Park, 88 West Edsall Boulevard is a well-maintained all-brick 2-family house boasting 8 bedrooms and 6 full bathrooms. With spacious rooms, hardwood floors, separate utilities, entrances, and a private backyard, this property offers versatility for living or rental income. The property was sold for $1,400,000, with 2 units at a price per unit of $700,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,400,000
  • Units: 2
  • Address: 88 West Edsall Boulevard
  • Market: Palisades Park

Sung H. Sul of Christie's International Real Estate represented the seller, while Kay Suh of C Land Realty Co. represented the buyer in the $1,400,000 transaction.

Players

Kay Suh
C Land Realty
Kay Suh
3 deals$4.1M volume
BROKER
Sung H. Sul
Christie's International Real Estate
Sung H. Sul
1 deal$1.4M volume(201) 660-0353
BROKER

Details

SOLD
IMAGE: Kay Suh & Sung H. Sul DATE: 04/04/2024 ADDRESS: 88 West Edsall Boulevard MARKET: Palisades Park ASSET TYPE: Multifamily BUYER'S REP: Kay Suh - C Land Realty Co. SELLER'S REP: Sung H. Sul - Christie's International Real Estate (@ChristiesRealEstate) SALE PRICE: $1,400,000 UNITS: 2 ~ PPU: $700,000 NOTE: Located in the heart of Palisades Park, 88 West Edsall Boulevard is a well-maintained all-brick 2-family house boasting 8 bedrooms and 6 full bathrooms. With spacious rooms, hardwood floors, separate utilities, entrances, and a private backyard, this property offers versatility for living or rental income. Sung H. Sul of Christie's International Real Estate represented the seller, with Kay Suh of C Land Realty Co. represented the buyer, in the $1,400,000 transaction.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$74,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57