Updated Dec 19, 2023
Robert Kohrs Of Garden State Realty Group, LLC Acquires Multifamily Property In Hoboken, NJ For $1.585M
1131 Park Avenue, Plainfield, NJ 07060
$1,585,000
$805/SF
Building Size
1,968 SF
Asset Type
MultiFamily
Closing
Jun 4, 2020
About this deal
AI
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.
The multifamily sale at 1131 Park Avenue, Plainfield, NJ 07060 in Plainfield, New Jersey sold for $1.6M in 2020. The building is 1,968 square feet, implying about 805 per square foot on the published price. Mark Singleton, Robert Kohrs, Mark Singer, Friedman-Roth Realty appear on the sale alongside Friedman-Roth Realty. This page is the Plainfield, New Jersey file for the 1131 Park Avenue, Plainfield, NJ 07060 multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Plainfield sit in the Market section below. Filter that Plainfield multifamily set by closing date to see what else sold near 1131 Park Avenue, Plainfield, NJ 07060 around 2020. Published consideration for 1131 Park Avenue, Plainfield, NJ 07060 is $1.6M, dated 2020. Cite this Robert Kohrs Of Garden State Realty Group, LLC Acquires Multifamily Property In Hoboken, NJ For $1.585M sale when underwriting similar multifamily product around Plainfield, New Jersey.
Players
Plainfield 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
10.01%
Cash-on-Cash
-2.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93