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633 Park Ave Hoboken, NJ 07...

Hoboken Multifamily Property Sold For $1.5M With Buyer's Rep Connie Coppola & Seller's Rep Anne Shearn
SOLDMultiFamily

Hoboken Multifamily Property Sold For $1.5M With Buyer's Rep Connie Coppola & Seller's Rep Anne Shearn

633 Park Ave Hoboken, NJ 07030, USA

$1,500,000

Building Size

Asset Type

MultiFamily

Closing

Sep 8, 2023

AI

A two-brick family home in Hoboken located at 633 Park Avenue has been sold for $1.5 million. The property is a multifamily asset consisting of two spacious two-bedroom apartments with terraces. The home also features covered garage parking, an open-layout living room, and an owner's apartment with access to a finished basement and yard for outdoor enjoyment.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Units: 2
  • Price Per Unit: $750,000

Connie Coppola from Wardell Real Estate represented the buyer in this transaction, while Anne Shearn from Realty Express LaBarbera represented the seller. Both parties played a crucial role in finalizing the deal.

Players

Anne Shearn

Realty Express LaBarbera

Broker

$5.1M

vol

3 deals

Broker

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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93