Michele Farrell & Mark Singleton Sell Mixed-Use Property In Hoboken, NJ For $2.2M
1112 Washington Street, Hoboken, NJ 07030
$2,225,000
$1,273/SF
Building Size
1,747 SF
Asset Type
Mixed-use
Closing
Jan 6, 2022
AI
Located at 1112 Washington St in Hoboken, NJ, this mixed-use property was recently sold in a closed transaction. The property consists of 5 units, with a sale price of $2,225,000. The price per unit comes out to be $445,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,225,000
- Address: 1112 Washington St, Hoboken, NJ
- Market: Hoboken, NJ
Michele Farrell from Liberty Realty represented the buyer in this transaction, while Mark Singleton from Singleton Galmann Realty represented the seller.
Players
Hoboken Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.13%
Cash-on-Cash
-2.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93