Frances Tsang Of Realmart Realty Represents Buyer In $1.2M Multifamily Sale On Hoboken's Park Ave - Mark Singleton Represents Seller
812 Park Avenue, Hoboken, NJ, USA
$1,201,490
$804/SF
Building Size
1,494 SF
Asset Type
MultiFamily
Closing
Oct 25, 2021
AI
The multifamily property located at 812 Park Ave in Hoboken was recently sold in a closed transaction. The sale, which took place on 10/25/2021, was handled by the buyer's representative, Frances Tsang from Realmart Realty, and the seller's representative, Mark Singleton from Singleton Galmann Realty. The sale price for the property was $1,201,490, and it consists of 3 units, resulting in a price per unit of $400,497.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,201,490
- Address: 812 Park Ave
- Market: Hoboken
Frances Tsang from Realmart Realty represented the buyer in this transaction, while Mark Singleton from Singleton Galmann Realty represented the seller. This successful deal highlights the expertise and negotiation skills of the involved representatives. The property's prime location in Hoboken and its multifamily nature make it an attractive investment opportunity.
Players
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
13.20%
Cash-on-Cash
-3.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93