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35 Fulton Street

Updated Dec 4, 2024

Multifamily Property At 35-39 Fulton Street Weehawken Sold For $5.25M With Rachelle Migdal As The Broker
SOLDMultiFamily

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

Rachelle Migdal

Weichert Realtors

Broker

$5.3M

vol

1 deal

Broker

Weehawken MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $176 per square foot on a published $5.3M for 29,720 square feet (2024).

Visit Weichert Realtors to view all their deals.

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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

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