Updated Dec 20, 2023
Marcus W. Pinto Acquires Hoboken Multifamily For $1.6M
1126 Willow Avenue, Williamstown, NJ 08094, USA
$1,600,000
$111/SF
Building Size
14,401 SF
Asset Type
MultiFamily
Closing
Oct 1, 2021
About this deal
AI
A multifamily property located at 1126 Willow Ave in Hoboken, NJ was recently sold for $1,600,000. The transaction took place on 10/01/2021. The property consists of 2 units, with a price per unit (PPU) of $800,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Units: 2
- PPU: $800,000
The buyer's representative for this transaction was Marcus W. Pinto from Compass, while the seller's representative was Margarita Olivieri from eXp Realty, LLC.
The multifamily sale at 1126 Willow Avenue, Williamstown, NJ 08094, USA in Monroe Township, New Jersey sold for $1.6M in 2021. Reported inventory is 14,401 square feet across 2 units, or about 111 per square foot. Margarita Olivieri, Marcus Pinto, EXP Realty, Compass appear on the sale alongside EXP Realty, Compass. This page is the Monroe Township, New Jersey file for the 1126 Willow Avenue, Williamstown, NJ 08094, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Monroe Township sit in the Market section below. Filter that Monroe Township multifamily set by closing date to see what else sold near 1126 Willow Avenue, Williamstown, NJ 08094, USA around 2021. Published consideration for 1126 Willow Avenue, Williamstown, NJ 08094, USA is $1.6M, dated 2021. Cite this Marcus W. Pinto Acquires Hoboken Multifamily For $1.6M sale when underwriting similar multifamily product around Monroe Township, New Jersey.
Players
Monroe Township 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93