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1025 Park Avenue, Collingsw...

Keller Williams Valley Realty Acquires Multifamily Property In Hoboken, NJ For $2.2M
SOLDMultiFamily

Keller Williams Valley Realty Acquires Multifamily Property In Hoboken, NJ For $2.2M

1025 Park Avenue, Collingswood, NJ 08108, USA

$2,200,000

$1,472/SF

Building Size

1,494 SF

Asset Type

MultiFamily

Closing

Sep 1, 2021

AI

The multifamily property located at 1025 Park Ave in Hoboken, NJ was recently sold for $2,200,000. The transaction took place on September 1, 2021. The property features multiple residential units, making it an attractive investment opportunity in the market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,200,000
  • Date: 09/01/2021
  • Address: 1025 Park Ave, Hoboken, NJ

Allen Ten Hoeve from Keller Williams Valley Realty represented the buyer in this transaction, while Renee Condon from Keller Williams City Life JC Realty acted as the seller's representative. Their expertise and negotiation skills played a crucial role in the successful completion of the deal.

Players

Renee Condon

Keller Williams Realty

Broker

$11.9M

vol

7 deals

Broker

Collingswood 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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93