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Dean Clark & RE/MAX On The Hudson Sell SFR In Fort Lee, NJ For $1.03M

Property Image
SOLD
$1,030,500

New Jersey

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Single Family Residence4,225 SF
Sold 01/12/2022
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Property Image
SOLD

Dean Clark & RE/MAX On The Hudson Sell SFR In Fort Lee, NJ For $1.03M

1090 Arcadian Way, Fort Lee, New Jersey 07024, United States

See Similar Deals
Single Family Residence4,225 SF
Sold 01/12/2022
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Single Family Residence
Price Per Square Foot:$243
Total Square Footage:4,225 SF
Transaction Type:Sale

A single-family residential property located at 1090 Arcadian Way in Fort Lee, NJ was recently sold. The transaction was facilitated by Dean Clark from RE/MAX on the Hudson. The property was sold for $1,030,500, with a total square footage of 4,225. This translates to a price per square foot of $244.

Summary of transaction details:

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $1,030,500
  • Address: 1090 Arcadian Way, Fort Lee, NJ
  • Market: Fort Lee, NJ
  • Broker: Dean Clark - RE/MAX on the Hudson
  • Square Footage: 4,225
  • Price per Square Foot: $244

Shortly after listing this property, the homeowner unfortunately passed away. The homeowner's daughter approached Dean Clark and asked for assistance in selling the house to settle the estate. Despite the heartbreaking circumstances, Dean Clark and his team were able to help the family settle their affairs.

Players

Dean Clark
Re/Max
Dean Clark
3 deals$3.7M volume
BROKER

Details

SOLD
IMAGE: Dean Clark & Veronica Mirasol DATE: 01/12/2022 ADDRESS: 1090 Arcadian Way MARKET: Fort Lee, NJ ASSET TYPE: SFR BROKER: Dean Clark (@Deanclarkgroup) - RE/MAX on the Hudson SALE PRICE: $1,030,500 SF: 4,225 ~ PPSF: $244 NOTE FROM BROKER: Shortly after listing this property the homeowner, unfortunately, passed away. His daughter reached out and asked for our help to sell the house to settle the estate. While this was a heartbreaking story, we were very happy to be able to help the family settle their affairs.

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

$54,960.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,661.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,885.10
Annual Debt Service$58,621.15