Westley Page Of Brown Harris Stevens Represents Buyer In $1.3M Multifamily Sale In Weehawken
SOLD
$1,300,000
New Jersey
See Similar DealsMultiFamily
Sold 06/13/2022
SOLD
Westley Page Of Brown Harris Stevens Represents Buyer In $1.3M Multifamily Sale In Weehawken
2214 Palisade Avenue, Weehawken, New Jersey 07086, United States
See Similar DealsMultiFamily
Sold 06/13/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
Located at 2214 Palisade Ave in Weehawken, this multifamily property was recently sold for $1,300,000. The transaction, which took place on 06/13/2022, was facilitated by the buyer's representative, Westley Page of Brown Harris Stevens, and the seller's representatives, Francesco Mazzaferro and Robert Harris of Christie's International Real Estate North Jersey Inc.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 2214 Palisade Ave
- Market: Weehawken
Westley Page from Brown Harris Stevens represented the buyer in this transaction, while Francesco Mazzaferro and Robert Harris of Christie's International Real Estate North Jersey Inc represented the sellers. The property presents a valuable investment opportunity in the thriving Weehawken market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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