Updated Sep 5, 2024
Marina Thakkar Of Keller Williams City Views Sells Multifamily Property On Park Ave In Hoboken For $2.2M
840 Park Avenue, Hoboken, New Jersey 07030, United States
$2,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 18, 2022
About this deal
AI
Located at 840 Park Ave in Hoboken, this multifamily property was recently sold for $2,200,000. The sale took place on September 19, 2022. The property offers a prime investment opportunity in the Hoboken market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 840 Park Ave
- Market: Hoboken
The buyer's representative in this transaction was Marina Thakkar from Keller Williams City Views, while the seller's representative was Patrick Southern from Coldwell Banker Realty. These professionals played a crucial role in facilitating the successful sale of this property.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93