Redwood Realty Advisors Brokers $2.7M Sale Of Multifamily Property In Weehawken, NJ
46-48 49th Street, Weehawken, New Jersey 07086, United States
$2,725,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 16, 2022
AI
The multifamily property located at 46-48 49th Street in Weehawken, NJ was recently sold in a closed transaction. The sale was handled by Steven Matovski from Redwood Realty Advisors. The property consists of 21 units and was sold for a price of $2,725,000, resulting in a price per unit of approximately $129,762.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,725,000
- Address: 46-48 49th Street, Weehawken, NJ
- Market: Hudson County, Weehawken, NJ
- Broker: Steven Matovski - Redwood Realty Advisors
This transaction highlights the successful sale of a multifamily property in Weehawken, NJ. Steven Matovski from Redwood Realty Advisors played a key role in representing the parties involved in the deal.
Union City 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
5.82%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93