Updated Oct 14, 2026
Steve Miller Refinances Multifamily Property In Hoboken, NJ For $1.55M Loan
524 Bloomfield Street, Hoboken, NJ, USA
$1,550,000
$607/SF
Building Size
2,553 SF
Asset Type
MultiFamily
Closing
May 3, 2021
About this deal
AI
The loan for the multifamily property located at 524 Bloomfield Street in Hoboken, NJ has been refinanced. The loan amount is $1,550,000 with a fixed interest rate of 2.66% for 7 years.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Date: 05/04/2021
- Market: Hoboken, NJ
- Loan Type: Refinance
The landlord of the property is Steve Miller. The loan was facilitated by Brian Anderson from Progress Capital.
The multifamily loan at 524 Bloomfield Street, Hoboken, NJ, USA in Hoboken, New Jersey financed for $1.6M in 2021. The building is 2,553 square feet, implying about 607 per square foot on the published price. Brian Anderson, Steve Miller, Progress Capital appear on the loan alongside Progress Capital. This page is the Hoboken, New Jersey file for the 524 Bloomfield Street, Hoboken, NJ, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Hoboken sit in the Market section below. Filter that Hoboken multifamily set by closing date to see what else financed near 524 Bloomfield Street, Hoboken, NJ, USA around 2021. Published consideration for 524 Bloomfield Street, Hoboken, NJ, USA is $1.6M, dated 2021. Cite this Steve Miller Refinances Multifamily Property In Hoboken, NJ For $1.55M Loan loan when underwriting similar multifamily product around Hoboken, New Jersey.
On the Map
$1,550,000
$607/SF
MultiFamily
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Players
Hoboken MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93