RE/MAX On The Hudson Brokered $1.5M Multifamily Sale On Park Ave, Hoboken
SOLD
$1,485,000
New Jersey
See Similar DealsMultiFamily1,800 SF
Sold 06/03/2020
SOLD
RE/MAX On The Hudson Brokered $1.5M Multifamily Sale On Park Ave, Hoboken
632 Park Avenue, Hoboken, NJ, USA
See Similar DealsMultiFamily1,800 SF
Sold 06/03/2020
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$825
Total Square Footage:1,800 SF
Transaction Type:Sale
Located at 632 Park Ave in Hoboken, NJ, a multifamily property was recently sold for a price of $1,485,000. The transaction took place on 06/03/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,485,000
- Market: Hoboken, NJ
Soha Fontaine from RE/MAX On the Hudson represented the buyer in this deal, while Puja Yagnik from Coldwell Banker Residential Brokerage represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,275.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,039.66
Annual Debt Service$84,475.89
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