Updated Dec 4, 2024
Steven Lewis & Michael Klein Lead $1.65M Multifamily Sale In Weehawken
317 Park Avenue
$1,650,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 10, 2024
About this deal
AI
A three-family home at 317 Park Avenue in Weehawken was sold for $1,650,000. The property features top-of-the-line finishes and unique outdoor amenities, including terraces and an outdoor grotto. It is located in a prime area with direct views of NYC and offers ample street parking, making it an attractive investment opportunity.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Address: 317 Park Avenue
- Market: Weehawken
- Buyer's Rep: Steven Lewis - EXP Realty
- Seller's Rep: Michael Klein - Liberty Realty
The deal at 317 Park Avenue involved Steven Lewis from EXP Realty as the buyer's representative and Michael Klein from Liberty Realty as the seller's representative.
On the Map
$1,650,000
MultiFamily
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Weehawken MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93