Keller Williams City Life Realty Represents Buyer In $2.6M Multifamily Sale, Hoboken
SOLD
$2,600,000
New Jersey
See Similar DealsMultiFamily2,187 SF
Sold 06/23/2021
SOLD
Keller Williams City Life Realty Represents Buyer In $2.6M Multifamily Sale, Hoboken
323 Park Ave, Hoboken, NJ, USA
See Similar DealsMultiFamily2,187 SF
Sold 06/23/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$1,188
Total Square Footage:2,187 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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