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
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.
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