Updated Dec 18, 2023
Nicole Kopec Represents Buyer In $2.4M Sale Of Weehawken Condo
1000 Avenue at Port Imperial, Weehawken, NJ 07086
$2,400,000
$1,062/SF
Building Size
2,259 SF
Asset Type
—
Closing
Jan 21, 2022
About this deal
AI
A 2,259 square foot condo located at 1000 Avenue at Port Imperial in Weehawken, NJ was recently sold in a closed transaction. The property, represented by Nicole Kopec of Nest Seekers International, was sold for $2,400,000, which is $1,062 per square foot. The sale took place on January 21, 2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,400,000
- Address: 1000 Avenue at Port Imperial, Weehawken, NJ
- Square Footage: 2,259
- Buyer's Rep: Nicole Kopec - Nest Seekers International
- Seller's Rep: Shan Tian - Triplemint
Nicole Kopec of Nest Seekers International represented the buyer in this transaction, while Shan Tian of Triplemint represented the seller. The property was originally listed for $2,660,000. The sale price of $2,400,000 reflects a successful negotiation resulting in a lower purchase price.
Players
Weehawken CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93