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23 47th Street Weehawken Multifamily Sold For $1.375M With Buyer's Rep Michael Joyce & Seller's Rep Victor Jalinos
SOLD
$1,375,000
New Jersey
See Similar DealsMultiFamily
Sold 01/08/2024
SOLD
23 47th Street Weehawken Multifamily Sold For $1.375M With Buyer's Rep Michael Joyce & Seller's Rep Victor Jalinos
23 47th Street
See Similar DealsMultiFamily
Sold 01/08/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
23 47th Street in Weehawken, a multifamily property, was sold for $1,375,000. The property is located in the market of Weehawken and features multiple residential units. The sale took place on January 18, 2024.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,375,000
Michael Joyce of Prestige Propertiesrepresented the buyer in this transaction, while Victor Jalinos of Liberty Realty represented the seller. Both parties played a crucial role in facilitating the deal and ensuring a successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$73,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,885.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,518.20
Annual Debt Service$78,218.42
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