Updated Dec 19, 2023
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
About this deal
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.
On the Map
$1,550,000
$334/SF
MultiFamily
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Players
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