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Tuli Realty LLC Acquires Property On John F. Kennedy Blvd For $25.3 Million With Ken Uranowitz As Seller's Representative

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SOLD
$25,300,000

New York

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MultiFamily
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SOLD

Tuli Realty LLC Acquires Property On John F. Kennedy Blvd For $25.3 Million With Ken Uranowitz As Seller's Representative

700 John F. Kennedy BLVD, Weehawke...

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MultiFamily
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in this transaction is Hamilton House, a multifamily asset located at 700 John F. Kennedy Blvd. East, Weehawken, N.J. The 12-story building, constructed in 1964, comprises a total of 99 units, featuring a mix of 21 studio, 59 one-bedroom, and 19 two-bedroom layouts. The transaction was completed at a price of $25,300,000.00.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $25,300,000.00
  • Address: 700 John F. Kennedy Blvd. East, Weehawken, N.J.
  • Market: Olean
  • Seller: Hamilton House LLC
  • Buyer: Tuli Realty LLC
  • Seller's Representative: Ken Uranowitz and Niko Nicolaou - Gebroe-Hammer Associates

The transaction was brokered by Gebroe-Hammer Associates, with Ken Uranowitz and Niko Nicolaou representing the seller. The team successfully procured the buyer, Tuli Realty LLC, facilitating the transfer of ownership for the multifamily property.

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6 deals$166.9M volume(973) 994-4500
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Details

SOLD
IMAGE: 700 John F. Kennedy BLVD, Weehawke... MARKET: Olean SELLER'S REP: Ken Uranowitz() BUYER: Tuli Realty LLC SELLER: PRICE: $25,300,000.00 SF: 0

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$89,885.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$119,934.91
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