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
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