Updated Sep 9, 2024
Jorge Paneque Acquires SFR In Fort Lee From Cesar Bencosme For $925K
276 Warwick Avenue
$925,000
$525/SF
Building Size
1,762 SF
Asset Type
Single Family Residence
Closing
Oct 31, 2022
About this deal
AI
Jorge Paneque has purchased a single-family home located at 276 Warwick Ave in Fort Lee. The property, with a total area of 1,762 square feet, was sold for $925,000. It was originally listed for $975,000, making the sale price $50,000 below the asking price. With a price per square foot of $525, this transaction represents a significant investment in the Fort Lee real estate market.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $925,000
- Square Footage: 1,762
- Market: Fort Lee
The buyer, Jorge Paneque, acquired the property from the seller, Cesar Bencosme. The transaction was facilitated by Denisse Mateo from Coldwell Banker Realty, who acted as the broker. Denisse Mateo can be reached at 201-954-6040 or [email protected]. More information about Denisse and other properties can also be found on their website at www.realestatewithdenisse.com.
Players
Fort Lee Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
About $525 per square foot on a published $925K for 1,762 square feet (2022).
Visit Coldwell Banker to view all their deals.
Browse Fort Lee single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
17.15%
Cash-on-Cash
-4.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93