SOLDMultiFamily
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
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.
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