Donny And Robin Pritztlaff Purchase Commercial & Multifamily Property In Hoboken For $2.7M
61 Paterson Avenue & 63-65 Paterson Avenue
$2,700,000
$688/SF
Building Size
1,850 SF
Asset Type
Commercial
Closing
Jul 10, 2026
AI
A commercial and multifamily property located at 61 Paterson Avenue and 63-65 Paterson Avenue in Hoboken has been sold for $2,700,000. The total square footage of the asset is 3,922, resulting in a price per square foot of $688.
Summary of transation details:
- Property Type: Commercial & Multifamily
- Transaction Amount: $2,700,000
- Address: 61 Paterson Avenue & 63-65 Paterson Avenue
- Market: Hoboken
- Buyer: Donny and Robin Pritztlaff
- Seller: Mario Ratto
- Broker: Lana Falcicchio - Boutique Realty
The transaction was facilitated by the broker Lana Falcicchio of Boutique Realty. The deal highlights the participation of Donny and Robin Pritztlaff as buyers and Mario Ratto as the seller. A successful closing has been noted for the properties involved.
Players
Hoboken Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93