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Weehawken Multifamily Property Sold For $1.455M With Buyer's Rep Padraic Gallagher & Seller's Rep Patrick Southern
SOLD
$1,455,000
New Jersey
See Similar DealsMultiFamily
Sold 09/28/2023
SOLD
Weehawken Multifamily Property Sold For $1.455M With Buyer's Rep Padraic Gallagher & Seller's Rep Patrick Southern
161 Nesbit Street
See Similar DealsMultiFamily
Sold 09/28/2023
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 161 Nesbit Street in Weehawken was recently sold for a price of $1.455 million. The property offers multiple living units and is situated in a desirable neighborhood. The transaction took place on September 28, 2023.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,455,000
- Address: 161 Nesbit Street, Weehawken
- Market: Weehawken
The buyer's representative in this deal was Padraic Gallagher, who works for Compass. On the other hand, Patrick Southern, a broker from Coldwell Banker, represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,169.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,897.44
Annual Debt Service$82,769.31
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