Updated Dec 4, 2024
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
About this deal
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.
The multifamily sale at 324 Park Avenue in Hoboken, New Jersey sold for $17M in 2024. 324 Park Avenue is classified as Multifamily on Traded. Lisa Potenza, PRIME Real Estate Group appear on the sale alongside PRIME Real Estate Group. This page is the Hoboken, New Jersey file for the 324 Park Avenue multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Hoboken sit in the Market section below. Filter that Hoboken multifamily set by closing date to see what else sold near 324 Park Avenue around 2024. Published consideration for 324 Park Avenue is $17M, dated 2024. Cite this Lisa Potenza Of PRIME Real Estate Group Sells Multifamily Property On Park Avenue, Hoboken For $16.95M sale when underwriting similar multifamily product around Hoboken, New Jersey.
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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93