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225 Park Avenue

225 Park Ave Multifamily Sold In Hoboken For $1,475,000 With Diane Rivera - Century 21 Preferred Realty As The Broker
SOLDMultiFamily

225 Park Ave Multifamily Sold In Hoboken For $1,475,000 With Diane Rivera - Century 21 Preferred Realty As The Broker

225 Park Avenue

$1,475,000

$378/SF

Building Size

3,900 SF

Asset Type

MultiFamily

Closing

Sep 7, 2022

AI

The property involved in this transaction is a 4 unit residential dwelling located at 225 Park Ave, Hoboken. The sale price was $1,475,000, with total square footage of 3,900 and a price per square foot of $378. The property represents a multifamily asset type in a sought-after location, providing accessibility to transportation and shopping amenities.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,475,000
  • Units: 4
  • Price per Unit: $368,750
  • Square Feet: 3,900
  • Price per Square Foot: $378
  • Buyer: 225 Park Ave LLC
  • Seller: Barbara Bonifacio
  • Broker: Diane Rivera - Century 21 Preferred Realty

In this transaction, Diane Rivera represented both the buyer, 225 Park Ave LLC, and the seller, Barbara Bonifacio. The successful closing is a result of the efforts made by all parties involved, demonstrating effective collaboration in the real estate market.

Players

Diane Rivera

Century 21

Broker

$9.7M

vol

10 deals

Broker

Portland 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

10.75%

Cash-on-Cash

-3.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93