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36 47th Street

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

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

36 47th Street

$1,150,000

Building Size

Asset Type

MultiFamily

Closing

Feb 5, 2024

AI

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

Broker

$5.7M

vol

4 deals

Broker

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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93