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2214 Palisade Avenue, Weeha...

Westley Page Of Brown Harris Stevens Represents Buyer In $1.3M Multifamily Sale In Weehawken
SOLDMultiFamily

Westley Page Of Brown Harris Stevens Represents Buyer In $1.3M Multifamily Sale In Weehawken

2214 Palisade Avenue, Weehawken, New Jersey 07086, United States

$1,300,000

Building Size

Asset Type

MultiFamily

Closing

Jun 12, 2022

AI

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.

Players

Robert Harris

Christie's International Real Estate

Broker

$8.4M

vol

6 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93