Updated Sep 9, 2024
Keller Williams City Life Realty Represents Buyer In $2.6M Multifamily Sale, Hoboken
323 Park Ave, Hoboken, NJ, USA
$2,600,000
$1,188/SF
Building Size
2,187 SF
Asset Type
MultiFamily
Closing
Jun 22, 2021
About this deal
AI
The multifamily property located at 323 Park Ave in Hoboken, NJ was recently sold for a price of $2,600,000. The sale took place on 06/23/2021. The property was listed by Todd Maloof and Jesse Halliburton from Prime Real Estate Group, while the buyer was represented by Gina Telesco from Keller Williams City Life Realty.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Transaction Date: 06/23/2021
- Address: 323 Park Ave, Hoboken, NJ
- Seller's Representative: Todd Maloof & Jesse Halliburton - Prime Real Estate Group
- Buyer's Representative: Gina Telesco - Keller Williams City Life Realty
Todd Maloof and Jesse Halliburton from Prime Real Estate Group assisted in selling the property, while Gina Telesco from Keller Williams City Life Realty represented the buyer. The sale of this multifamily asset marks a significant transaction in the Hoboken, NJ market.
On the Map
$2,600,000
$1,188/SF
MultiFamily
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Hoboken 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93