Updated Dec 4, 2024
Multifamily Property In Weehawken Sold For $2.3M With Buyer's Rep Zuoxin Chen & Seller's Rep Magnolia Ocampo
$2,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 5, 2023
About this deal
AI
A multifamily property located at 905 Boulevard East in Weehawken has been sold for a price of $2.3 million. This property offers multiple residential units, making it suitable for investors looking for a multifamily asset. The transaction demonstrates the demand for housing in the Weehawken market.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Address: 905 Boulevard East
- Market: Weehawken
Zuoxin Chen of eXp Realty acted as the buyer's representative in this transaction, while Magnolia Ocampo from Coldwell Banker represented the seller. Their expertise and negotiation skills played a crucial role in ensuring a successful deal for both parties involved. This transaction highlights the value and influence of experienced real estate professionals in achieving desirable outcomes.
Players
Market 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93