Keller Williams Park Views Acquires Multifamily Property In Hoboken, NJ For $1.8M
1128 Willow Avenue, Hoboken, NJ 07030, USA
$1,800,000
$868/SF
Building Size
2,073 SF
Asset Type
MultiFamily
Closing
Sep 17, 2021
AI
A multifamily property located at 1128 Willow Ave in Hoboken, NJ has been sold for a total price of $1,800,000. The property consists of 5 units, resulting in a price per unit of $360,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Address: 1128 Willow Ave
- Market: Hoboken, NJ
The buyer's representative in this transaction was Jason Trembicki from Keller Williams Park Views. The seller's representatives were Mary Knapp and Michael Cricco from Howard Hanna Rand Realty.
Players
Hoboken 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93