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88 West Edsall Boulevard

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

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

Kay Suh

C Land Realty

Broker

$4.1M

vol

3 deals

Broker

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