Updated Dec 4, 2024
Multifamily Property At 35-39 Fulton Street Weehawken Sold For $5.25M With Rachelle Migdal As The Broker
35 Fulton Street
$5,250,000
$176/SF
Building Size
29,720 SF
Asset Type
MultiFamily
Closing
Aug 15, 2024
About this deal
AI
A 29-unit brick residential building located at 35-39 Fulton Street in Weehawken has been sold for $5.25 million. The transaction price equates to $181,034 per unit and $177 per square foot. The five-story property is fully occupied and features some units that offer views of the Manhattan skyline. It is situated near major transportation routes and local amenities, presenting a prime investment opportunity.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,250,000
- Units: 29
- Price Per Unit: $181,034
- Square Footage: 29,720
- Price Per Square Foot: $177
- Broker: Rachelle Migdal - Weichert Realtors
- Market: Weehawken
- Sale Date: 08/15/2024
Rachelle Migdal from Weichert Realtors represented both parties in this transaction, facilitating the sale of this multifamily asset in the Weehawken market.
Players
Weehawken 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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93