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1017 Park Avenue

Multifamily Property In Hoboken Sells For $3.2M With Buyer's Rep Angela Vartuli & Seller's Rep Alexandra Petruzella
SOLDMultiFamily

Multifamily Property In Hoboken Sells For $3.2M With Buyer's Rep Angela Vartuli & Seller's Rep Alexandra Petruzella

1017 Park Avenue

$3,200,000

Building Size

Asset Type

MultiFamily

Closing

Dec 21, 2023

AI

In Hoboken, the multifamily property at 1017 Park Avenue was sold for $3,200,000. The property is located in the market of Hoboken and consists of a multifamily asset.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,200,000
  • Address: 1017 Park Avenue
  • Market: Hoboken

The buyer's representative in the transaction was Angela Vartuli of Liberty Realty, while the seller's representative was Alexandra Petruzella of Corcoran Sawyer Smith.

Please note that the above transaction details are based on the available information.

Players

Angela Vartuli

Liberty Realty

Broker

$6.7M

vol

3 deals

Broker

Hoboken MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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