Updated Sep 9, 2024
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
Units
2
Asset Type
MultiFamily
Closing
Sep 8, 2023
About this deal
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.
On the Map
$1,500,000
MultiFamily
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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