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Lisa Potenza Of PRIME Real Estate Group Sells Multifamily Property On Park Avenue, Hoboken For $16.95M
SOLD
$16,950,000
New Jersey
See Similar DealsMultiFamily
Sold 02/01/2024
SOLD
Lisa Potenza Of PRIME Real Estate Group Sells Multifamily Property On Park Avenue, Hoboken For $16.95M
324 Park Avenue
See Similar DealsMultiFamily
Sold 02/01/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$904,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,219.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,351.65
Annual Debt Service$964,219.77
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