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Gina Amato Sells Multifamily Property On Parkview Avenue For $5.2M

Property Image
SOLD
$5,200,000

New Jersey

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MultiFamily
Sold 09/01/2023
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Property Image
SOLD

Gina Amato Sells Multifamily Property On Parkview Avenue For $5.2M

117 Parkview Avenue

See Similar Deals
MultiFamily
Sold 09/01/2023
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property located at 117 Parkview Avenue in Weehawken, NJ has been sold for a total of $5,200,000. The property consists of 26 units, with an average price per unit of $200,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,200,000
  • Address: 117 Parkview Avenue, Weehawken, NJ
  • Market: Weehawken, NJ

Gina Amato was the seller of this multifamily property. The broker representing the seller in the deal was Manveer Sanghera of Veerman Asset Management.

Players

Manveer "Manny" Sanghera
Veerman Asset Management
Manveer Sanghera
15 deals$247.2M volume
BROKER

Details

SOLD
IMAGE: Manveer Sanghera DATE: 09/01/2023 ADDRESS: 117 Parkview Avenue MARKET: Weehawken, NJ ASSET TYPE: Multifamily SELLER: Gina Amato BROKERS: Manveer Sanghera (@MannySinghpsu) - Veerman Asset Management SALE PRICE: $5,200,000 UNITS: 26 ~ PPU: $200,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$277,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83