Francesco Mazzaferro & Robert Harris Sell Multifamily Property In Weehawken For $1.725M
SOLD
$1,725,000
New Jersey
See Similar DealsMultiFamily3,122 SF
Sold 01/18/2021
SOLD
Francesco Mazzaferro & Robert Harris Sell Multifamily Property In Weehawken For $1.725M
45-47 King Ave, Weehawken, NJ, USA
See Similar DealsMultiFamily3,122 SF
Sold 01/18/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$552
Total Square Footage:3,122 SF
Transaction Type:Sale
An multifamily property located at 45-47 King Ave in Weehawken has been sold for a price of $1,725,000. The transaction took place on January 18, 2021. The property is a valuable asset in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,725,000
- Address: 45-47 King Ave, Weehawken
- Market: Weehawken
The deal was facilitated by Francesco Mazzaferro & Robert Harris from Christie's International Real Estate Northern New Jersey. They represented the buyers and sellers in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$91,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,128.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,177.38
Annual Debt Service$98,128.56
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