Tarek Hassieb Of Liberty Realty Sells Multifamily Property On Park Ave, Hoboken, NJ For $1.4M
SOLD
$1,405,000
New Jersey
See Similar DealsMultiFamily2,000 SF
Sold 11/15/2021
SOLD
Tarek Hassieb Of Liberty Realty Sells Multifamily Property On Park Ave, Hoboken, NJ For $1.4M
922 Park Avenue, Hoboken, NJ, USA
See Similar DealsMultiFamily2,000 SF
Sold 11/15/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$702
Total Square Footage:2,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,991.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,660.42
Annual Debt Service$79,925.00
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