Robert Kohrs Of Garden State Realty Group, LLC Acquires Multifamily Property In Hoboken, NJ For $1.585M
SOLD
$1,585,000
New Jersey
See Similar DealsMultiFamily1,968 SF
Sold 06/04/2020
SOLD
Robert Kohrs Of Garden State Realty Group, LLC Acquires Multifamily Property In Hoboken, NJ For $1.585M
1131 Park Avenue, Plainfield, NJ 07060
See Similar DealsMultiFamily1,968 SF
Sold 06/04/2020
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$805
Total Square Footage:1,968 SF
Transaction Type:Sale
The multifamily property located at 1131 Park Ave in Hoboken, NJ was recently sold for a transaction amount of $1,585,000. The sale took place on June 4, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,585,000
- Address: 1131 Park Ave, Hoboken, NJ
- Market: Hoboken, NJ
The buyer's representative in this transaction was Robert Kohrs from Garden State Realty Group, LLC. On the other hand, Mark Singleton of Singleton-Galmann RE represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$84,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,631.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,513.71
Annual Debt Service$90,164.50
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