Michael Marszalek Acquires Penthouse In Hoboken From David Fessler For $2M. Jessie Halliburton & Jon Bevacqua Of Prime Real Estate Group Facilitate The Deal
SOLD
$2,000,000
New Jersey
See Similar DealsOther2,225 SF
Sold 09/17/2021
SOLD
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
See Similar DealsOther2,225 SF
Sold 09/17/2021
Summary
NEW JERSEY
Asset Type:Other
Price Per Square Foot:$898
Total Square Footage:2,225 SF
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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