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Re/Max 1st Advantage Facilitates $1.1M Sale Of Weehawken Multifamily Property
SOLD
New Jersey
See Similar DealsMultiFamily2,604 SF
Sold 02/09/2024
SOLD
Re/Max 1st Advantage Facilitates $1.1M Sale Of Weehawken Multifamily Property
134 Highpoint Avenue
See Similar DealsMultiFamily2,604 SF
Sold 02/09/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$422
Total Square Footage:2,604 SF
Transaction Type:Sale
The Weehawken multifamily property at 134 Highpoint Avenue was recently sold for $1.1 million. This property spans 2,604 square feet and was sold at a price per square foot of $422.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 134 Highpoint Avenue
- Market: Weehawken
The sale of this property was facilitated by brokers Robert Dekanski and Stephen Santurro of RE/MAX 1st Advantage.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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