Michael Marszalek Acquires Penthouse In Hoboken From David Fessler For $2M. Jessie Halliburton & Jon Bevacqua Of Prime Real Estate Group Facilitate The Deal
600 Newark St., Hoboken, NJ, USA
$2,000,000
$898/SF
Building Size
2,225 SF
Asset Type
Other
Closing
Sep 16, 2021
AI
The penthouse located at 600 Newark St in Hoboken has been sold for a price of $2,000,000. The property offers 2,225 square feet of space, resulting in a price per square foot of $899.
Summary of transaction details:
- Property Type: Penthouse
- Transaction Amount: $2,000,000
- Address: 600 Newark St, Hoboken
- Square Footage: 2,225
- Price per Square Foot: $899
The buyer of the penthouse is Michael Marszalek, while the seller is David Fessler. The deal was facilitated by brokers Jessie Halliburton and Jon Bevacqua from Prime Real Estate Group. If you're interested in this property, you can contact Jon Bevacqua at 9732693273.
One notable feature of the penthouse is the private rooftop, adding a sense of exclusivity to the property.
Players
Hoboken Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93