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161 Nesbit Street

Weehawken Multifamily Property Sold For $1.455M With Buyer's Rep Padraic Gallagher & Seller's Rep Patrick Southern
SOLDMultiFamily

Weehawken Multifamily Property Sold For $1.455M With Buyer's Rep Padraic Gallagher & Seller's Rep Patrick Southern

161 Nesbit Street

$1,455,000

Building Size

Asset Type

MultiFamily

Closing

Sep 28, 2023

AI

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.

Players

Padraic Gallagher

Compass

Broker

$3.5M

vol

2 deals

Broker

Weehawken 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

10.90%

Cash-on-Cash

-3.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93