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Multifamily Property At 961 East John F Kennedy Blvd Sold For $1.6M In Weehawken

Property Image
SOLD
$1,600,000

New Jersey

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MultiFamily
Sold 09/18/2024
the dealplayerscompscontact
Property Image
SOLD

Multifamily Property At 961 East John F Kennedy Blvd Sold For $1.6M In Weehawken

MultiFamily
Sold 09/18/2024
the dealplayerscompscontact
Contact now

Summary

Asset Type:MultiFamily
Transaction Type:Sale

A four-family property located at 961 East John F Kennedy Blvd in Weehawken has been acquired for $1,600,000. This multifamily asset features four spacious apartments and offers the potential for rental income, positioned with a price per unit of $400,000.

Summary of transaction details:

The deal was facilitated by Christina Majano, representing Realty One Group Legend, highlighting the expertise provided by the broker in managing the transaction successfully.

Players

CM
Realty One Group
Christina Majano
1 deal$1.6M volume(201) 362-7477
BROKER

Details

SOLD
IMAGE: Christina Majano DATE: 09/18/2024 ADDRESS: 961 East John F Kennedy Blvd MARKET: Weehawken ASSET TYPE: Multifamily BROKER: Christina Majano (@Christinacloses) - Realty One Group Legend (@ROGLegend) SALE PRICE: $1,600,000 UNITS: 4 ~ PPU: $400,000 NOTE: A four-family property at 961 E John F Kennedy Blvd in Weehawken sold for $1.6 million, offering spacious apartments with panoramic views of the New York City skyline. Its prime location provides easy access to transportation and amenities, making it a strong investment opportunity with potential for rental income and property value appreciation.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$85,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80