Prime Real Estate Group Acquires Multifamily Property In Weehawken, NJ For $1.2M
SOLD
$1,200,000
New Jersey
See Similar DealsMultiFamily2,212 SF
Sold 06/24/2020
SOLD
Prime Real Estate Group Acquires Multifamily Property In Weehawken, NJ For $1.2M
36 46th Street, Weehawken, NJ 07086, USA
See Similar DealsMultiFamily2,212 SF
Sold 06/24/2020
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$542
Total Square Footage:2,212 SF
Transaction Type:Sale
A multifamily property located at 36 46th St in Weehawken, NJ was recently sold for $1,200,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Date: 06/24/2021
- Market: Weehawken, NJ
The buyer's representative, Paul Bryant from Prime Real Estate Group, facilitated the purchase. On the other hand, the seller's representative, Robert Harris from Christie's International Real Estate North Jersey, Inc, represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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