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Coronato Property Group Brokers $3.6M Sale Of Multifamily Property In Hoboken
SOLD
$3,600,000
New Jersey
See Similar DealsMultiFamily
Sold 10/27/2023
SOLD
Coronato Property Group Brokers $3.6M Sale Of Multifamily Property In Hoboken
746 Park Avenue
See Similar DealsMultiFamily
Sold 10/27/2023
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 746 Park Avenue in Hoboken was recently sold for a total price of $3,600,000. The transaction was facilitated by Christopher Coronato of Coronato Property Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Address: 746 Park Avenue
- Market: Hoboken
Christopher Coronato, representing Coronato Property Group, played a crucial role in brokering the sale of this multifamily property. Additional information about the property and transaction was not provided.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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