Marcus W. Pinto Acquires Hoboken Multifamily For $1.6M
1126 Willow Avenue, Williamstown, NJ 08094, USA
$1,600,000
$111/SF
Building Size
14,401 SF
Asset Type
MultiFamily
Closing
Oct 1, 2021
AI
A multifamily property located at 1126 Willow Ave in Hoboken, NJ was recently sold for $1,600,000. The transaction took place on 10/01/2021. The property consists of 2 units, with a price per unit (PPU) of $800,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Units: 2
- PPU: $800,000
The buyer's representative for this transaction was Marcus W. Pinto from Compass, while the seller's representative was Margarita Olivieri from eXp Realty, LLC.
Players
Monroe Township 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93