Updated Dec 18, 2023
Tarek Hassieb Of Liberty Realty Sells Multifamily Property On Park Ave, Hoboken, NJ For $1.4M
922 Park Avenue, Hoboken, NJ, USA
$1,405,000
$702/SF
Building Size
2,000 SF
Asset Type
MultiFamily
Closing
Nov 15, 2021
About this deal
AI
Located at 922 Park Ave in Hoboken, NJ, this multifamily property was recently sold in a closed transaction. The property consists of 3 units and was sold for a total of $1,405,000. Tarek Hassieb of Liberty Realty represented the seller in this deal. The sale price translates to an average price per unit of $468,333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,405,000
- Address: 922 Park Ave, Hoboken, NJ
- Market: Hoboken, NJ
- Units: 3
- Price per Unit: $468,333
Tarek Hassieb from Liberty Realty played a crucial role in this transaction as the broker representing the seller. Their expertise and negotiation skills helped facilitate the successful sale of this multifamily 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
11.29%
Cash-on-Cash
-3.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93