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1000 Jefferson Street

Invesco Real Estate Acquires 217-Unit Multifamily Community In Hoboken From Clarion Partners
SOLDMultiFamily

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:

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

Jose Cruz

JLL

Broker

$7.8B

vol

104 deals

Broker
R. Scott Dennis

R. Scott Dennis

Invesco Real Estate

Buyer

$1.4B

vol

14 deals

Buyer
David Gilbert

David Gilbert

Clarion Partners

Seller

$2.4B

vol

32 deals

Seller

Jefferson MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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