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...
$25,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 20, 2023
AI
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.
Players
Olean MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93