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
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