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812 Park Avenue, Hoboken, N...

Frances Tsang Of Realmart Realty Represents Buyer In $1.2M Multifamily Sale On Hoboken's Park Ave - Mark Singleton Represents Seller
SOLDMultiFamily

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

Frances Tsang

Broker

$1.2M

vol

1 deal

Broker

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