Updated Sep 9, 2024
Giovanni Maramonte Acquires Multifamily Property On 521 Park Ave, Hoboken, NJ For $1.625M
521 Park Avenue, Hoboken, NJ, USA
$1,625,000
$459/SF
Building Size
3,537 SF
Asset Type
MultiFamily
Closing
Apr 18, 2021
About this deal
AI
The multifamily property located at 521 Park Ave in Hoboken, NJ was recently sold for a price of $1,625,000. The sale took place on April 19, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,625,000
- Address: 521 Park Ave, Hoboken, NJ
- Market: Hoboken, NJ
Giovanni Maramonte from Keller Williams City Life Realty represented the buyer in this transaction. Lauren Gondevas from Liberty Realty LLC served as the seller's representative.
The multifamily sale at 521 Park Avenue, Hoboken, NJ, USA in Hoboken, New Jersey sold for $1.6M in 2021. The building is 3,537 square feet, implying about 459 per square foot on the published price. Giovanni Maramonte, Lauren Gondevas, Liberty Realty, Keller Williams Realty appear on the sale alongside Liberty Realty, Keller Williams Realty. This page is the Hoboken, New Jersey file for the 521 Park Avenue, Hoboken, NJ, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Hoboken sit in the Market section below. Filter that Hoboken multifamily set by closing date to see what else sold near 521 Park Avenue, Hoboken, NJ, USA around 2021. Published consideration for 521 Park Avenue, Hoboken, NJ, USA is $1.6M, dated 2021. Cite this Giovanni Maramonte Acquires Multifamily Property On 521 Park Ave, Hoboken, NJ For $1.625M sale when underwriting similar multifamily product around Hoboken, New Jersey.
Players
Hoboken 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
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93