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
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