Updated Jan 29, 2025
Leo Hei And Jacqueline Luk Acquire Condo In Weehawken For $3.2 Million With Seller's Rep Nicole Kopec
1000 Avenue At Port Imperial
$3,200,000
$800/SF
Building Size
4,000 SF
Asset Type
Condo
Closing
Jan 24, 2025
About this deal
AI
The property asset involved in the transaction is a condo located at 1000 Avenue at Port Imperial Unit 104 in Weehawken. The transaction took place on January 24, 2025, with a sale price of $3,200,000. The property encompasses a total of 4,000 square feet, resulting in a price per square foot of $800.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,200,000
- Buyer: Leo Hei & Jacqueline Luk
- Seller's Representative: Nicole Kopec - Nest Seekers International
- Square Footage: 4,000
- Price per Square Foot: $800
- Market: Weehawken
- Date of Transaction: 01/24/2025
The key individuals involved in this transaction include the buyers, Leo Hei and Jacqueline Luk, and the seller's representative, Nicole Kopec, who is associated with Nest Seekers International. This transaction reflects the engagement of established professionals in the real estate market, showcasing their roles in facilitating the deal.
Weehawken Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $800 per square foot on a published $3.2M for 4,000 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93