Kay Suh & Sung H. Sul Facilitate $1.4M Multifamily Sale In Palisades Park
88 West Edsall Boulevard
$1,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 4, 2024
AI
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
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93