Prominent Properties Sotheby's International Realty Acquires Weehawken Multifamily For $1.159M
37 48th Street, Weehawken, New Jersey 07086, United States
$1,159,000
$464/SF
Building Size
2,498 SF
Asset Type
MultiFamily
Closing
Feb 24, 2022
AI
A multifamily property located at 37 48th St in Weehawken has been sold. The transaction was completed on 02/25/2022, with a sale price of $1,159,000. The property consists of 3 units, with a per unit price of $386,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,159,000
- Units: 3
- Price per Unit: $386,333
Angela Becerra from Prominent Properties Sotheby's International Realty represented the buyer in this transaction. Francesco Mazzaferro from Christie's International Real Estate Northern New Jersey, Inc. represented the seller.
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
13.69%
Cash-on-Cash
-3.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93