Alena Ciccarelli's Christie’s International Real Estate Sells 12-Unit Multifamily In Hoboken, NJ For $3.4M

Located at 1109 Washington Street in Hoboken, NJ, this multifamily property was recently sold in a closed transaction. The property consists of 12 units with a total square footage of 9,000. The sale price for this asset was $3,400,000, reflecting a price per unit of $283,333. With a price per square foot of $422, the property achieved a 5% capitalization rate.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $3,400,000
• Address: 1109 Washington Street, Hoboken, NJ
• Market: Hoboken, NJ
• Units: 12
• Price Per Unit: $283,333
• Square Footage: 9,000
• Price Per Square Foot: $422
• Capitalization Rate: 5%

Representing both the seller and the buyer in this transaction was Alena Ciccarelli from Christie’s International Real Estate. For any further inquiries, Alena can be contacted at 201-232-6034. The deal was successfully closed on 07/12/2021.