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Compass And Re/Max Select Brokers Facilitate $1.15M Sale Of Multifamily Property In Weehawken

Property Image
SOLD
$1,150,000
Soha Fontaine
Richard Truocchio

New Jersey

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MultiFamily
Sold 02/05/2024
the dealplayerscompscontact
Property Image
SOLD

Compass And Re/Max Select Brokers Facilitate $1.15M Sale Of Multifamily Property In Weehawken

36 47th Street

See Similar Deals
MultiFamily
Sold 02/05/2024
Soha Fontaine
Richard Truocchio
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

In Weehawken's real estate market, a multifamily property located at 36 47th Street was sold for $1,150,000. The property offers a unique investment opportunity in the multifamily sector.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Address: 36 47th Street, Weehawken
  • Market: Weehawken

The buyer's representative, Richard Truocchio of Compass, facilitated the transaction and played a crucial role in securing the property for the buyer. On the other hand, the seller's representative, Soha Fontaine of Re/Max, worked diligently to ensure an efficient and successful sale.

Overall, this transaction showcases the expertise and effective negotiation skills of both Richard Truocchio and Soha Fontaine in the competitive real estate market of Weehawken.

Players

Soha Fontaine
Re/Max
Soha Fontaine
4 deals$5.7M volume
BROKER
Richard Truocchio
Compass
Richard Truocchio
1 deal$1.2M volume(201) 673-1865
BROKER

Details

SOLD
IMAGE: Richard Truocchio & Soha Fontaine DATE: 02/05/2024 ADDRESS: 36 47th Street MARKET: Weehawken ASSET TYPE: Multifamily BUYER'S REP: Richard Truocchio (@FreshRicks) - Compass (@Compass) SELLER'S REP: Soha Fontaine (@TeamSoha) - Re/Max Select (@RemaxSelectRealty) SALE PRICE: $1,150,000 NOTE: In Weehawken's real estate market, the multifamily property located at 36 47th Street was sold for $1,150,000. Richard Truocchio of Compass represented the buyer, while Soha Fontaine of Re/Max represented the seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$61,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04