SOLDMultiFamily
Lisa Potenza Of PRIME Real Estate Group Sells Multifamily Property On Park Avenue, Hoboken For $16.95M
324 Park Avenue
$16,950,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 1, 2024
AI
324 Park Avenue in Hoboken, a multifamily property, was sold for $16.95 million. The transaction was brokered by Lisa Potenza of PRIME Real Estate Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,950,000
- Address: 324 Park Avenue
- Market: Hoboken
Lisa Potenza of PRIME Real Estate Group facilitated the sale of 324 Park Avenue in Hoboken for $16.95 million.
Hoboken MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93