Martin J. Deane, Justin Veltre & Emily Veltre Acquire Multifamily Property In Hoboken, NJ For $1.845M

A 4-family home located at 1002 Willow Ave in Hoboken, NJ has been sold in a closed transaction. The property, with a total square footage of 3,280, was listed for sale with an asking price of $1,845,000. The sale price matched the asking price, resulting in a transaction value of $1,845,000. This equates to a price per unit (PPU) of $461,250 and a price per square foot (PPSF) of $563.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,845,000
• Address: 1002 Willow Ave, Hoboken, NJ
• Market: Hoboken, NJ
• Buyer: Martin J. Deane, Justin Veltre & Emily Veltre
• Seller: Damiano Mezzina & Patricia Mezzina
• Buyer's Representative: Marie Gomer - Compass
• Seller's Representative: Frank Palmaccio - Weichert, Realtors

In this transaction, the buyer was represented by Marie Gomer from Compass, while the seller was represented by Frank Palmaccio from Weichert, Realtors.

This sale represents a significant investment opportunity in a 4-family home in Hoboken, NJ. With a total of 4 units, each unit has an average price of $461,250. The property is situated on a spacious lot and provides ample living space for potential tenants or occupants.

Note: This property offers the unique advantage of being a 4-family home, which can generate substantial rental income or serve as a multi-generational living space.