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7 Liberty Place, Weehawken,...

Prominent Properties Sotheby's Acquires Multifamily Property In Weehawken For $1.55M
SOLDMultiFamily

Prominent Properties Sotheby's Acquires Multifamily Property In Weehawken For $1.55M

7 Liberty Place, Weehawken, New Jersey 07086, United States

$1,550,000

$334/SF

Building Size

4,641 SF

Asset Type

MultiFamily

Closing

Jun 16, 2022

AI

A multifamily property located at 7 Liberty Pl in Weehawken has been sold. The property consists of 3 units, with a total square footage of 4,641. The sale price for this transaction was $1,550,000, resulting in a price per unit of $516,667. The price per square foot was $334.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,550,000
  • Units: 3
  • Square Footage: 4,641
  • Price per Unit: $516,667
  • Price per Square Foot: $334

Bruna Santana of Prominent Properties Sotheby's International Realty and Ronald Farinas of Real Broker, LLC were the brokers involved in this sale. They represented the buyer and seller respectively.

Players

Bruna Santana

Sotheby's International Realty

Broker

$5M

vol

3 deals

Broker

Weehawken 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

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93