Updated Dec 4, 2024
Hirshmark Capital Provides $2.4M Acquisition Loan For Mixed-Use Property In Hoboken
100 Washington Street
$2,400,000
$342/SF
Building Size
7,000 SF
Asset Type
Mixed-use
Closing
Sep 21, 2023
About this deal
AI
The mixed-use property located at 100 Washington Street in Hoboken has been involved in a recent closed transaction. The property spans 7,000 square feet and features a combination of commercial and residential space.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $2,400,000
Hirshmark Capital provided a loan of $2,400,000 for the acquisition of the property. Vincent Sarnelli, representing Hirshmark Capital, played a key role in facilitating the loan. The landlord of the property is Shaiyef Alabhar.
The mixed use loan at 100 Washington Street in Hoboken, New Jersey financed for $2.4M in 2023. The building is 7,000 square feet, implying about 342 per square foot on the published price. This page is the Hoboken, New Jersey file for the 100 Washington Street mixed use financed: pricing, party profiles, and other closed mixed use comps from the same Hoboken sit in the Market section below. Filter that Hoboken mixed use set by closing date to see what else financed near 100 Washington Street around 2023. Published consideration for 100 Washington Street is $2.4M, dated 2023. Cite this Hirshmark Capital Provides $2.4M Acquisition Loan For Mixed-Use Property In Hoboken loan when underwriting similar mixed use product around Hoboken, New Jersey.
Players
Hoboken Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93