Frances Tsang Of Realmart Realty Represents Buyer In $1.2M Multifamily Sale On Hoboken's Park Ave - Mark Singleton Represents Seller
SOLD
$1,201,490
New Jersey
See Similar DealsMultiFamily1,494 SF
Sold 10/25/2021
SOLD
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
See Similar DealsMultiFamily1,494 SF
Sold 10/25/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$804
Total Square Footage:1,494 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,079.47
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,268.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,695.68
Annual Debt Service$68,348.11
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