Invesco Real Estate Acquires 217-Unit Multifamily Community In Hoboken From Clarion Partners
1000 Jefferson Street
Building Size
—
Asset Type
MultiFamily
Closing
Jul 23, 2026
AI
1000 Jefferson Street is a 217-unit multifamily community located in Hoboken, New Jersey. The property has been institutionally owned and managed since 2007 and presents value-add potential with approximately 25% of the units available for renovation.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not Disclosed
- Address: 1000 Jefferson Street
- Market: Hoboken, NJ
- Units: 217
- Buyer: R. Scott Dennis - Invesco Real Estate
- Seller: David Gilbert - Clarion Partners
- Brokerage: Jose Cruz, Steve Simonelli, Michael Oliver, Elizabeth DeVesty, Austin Pierce & Luke Chakonis - JLL
The transaction was arranged by JLL Capital Markets, highlighting the firm's involvement in facilitating the acquisition of the multifamily community by Invesco Real Estate from Clarion Partners.
Players
Jefferson MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93