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1000 Avenue at Port Imperia...

Updated Dec 18, 2023

Nicole Kopec Represents Buyer In $2.4M Sale Of Weehawken Condo
SOLD

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

Nicole Kopec

Nest Seekers International

Broker

$5.6M

vol

2 deals

Broker

Weehawken CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $1.1K per square foot on a published $2.4M for 2,259 square feet (2022).

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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

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