David Ennis & Craig Rosenman Of The Daten Group Secures $17M Refinance For 46-Unit Hoboken Multifamily
600 Harrison Street
$17,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 18, 2024
AI
600 Harrison Street is a 46-unit luxury multifamily building located in Hoboken. The property was developed by The Daten Group and was built in 2017, offering high-end finishes and state-of-the-art amenities. It provides convenient access to Manhattan via the 9th Street Light Rail Station.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $17,000,000
- Loan Type: Refinance
- Landlord: David Ennis & Craig Rosenman - The Daten Group
- Brokers: Fahri Ozturk, Jake Salkovitz, Jason Gaccione, Richard Gatto, Shawn Rosenthal & Zachary McHale - CBRE
- Date: 12/18/2024
- Address: 600 Harrison Street
- Market: Hoboken
CBRE arranged the refinancing for the property, highlighting the involvement of a team of brokers skilled in multifamily transactions. This refinancing reflects favorable conditions for property owners looking to optimize their asset portfolios within the Hoboken market.
Players
Hoboken MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93