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Anthony Vetrano & Josephine Alvarado Broker $1.65M Sale Of 4-unit Multifamily Property In Hoboken

Property Image
SOLD
$1,650,000
Anthony Vetrano
Josephine Alvarado

New Jersey

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MultiFamily
Sold 05/03/2024
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Property Image
SOLD

Anthony Vetrano & Josephine Alvarado Broker $1.65M Sale Of 4-unit Multifamily Property In Hoboken

1130 Willow Avenue

See Similar Deals
MultiFamily
Sold 05/03/2024
Anthony Vetrano
Josephine Alvarado
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

A charming four-unit multifamily home located at 1130 Willow Avenue in Hoboken was sold for $1,650,000. Each of the four units within the property was priced at $412,500, offering well-maintained apartments with spacious layouts and abundant natural light in a desirable market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,650,000
  • Units: 4
  • Price Per Unit: $412,500
  • Address: 1130 Willow Avenue
  • Market: Hoboken

Anthony Vetrano from Weichert Realtors represented the buyer in the transaction for the multifamily property. Josephine Alvarado of Re/Max Revolution served as the seller's representative, facilitating the sale of the well-priced and well-maintained property in Hoboken.

Players

Anthony Vetrano
Weichert Realtors
Anthony Vetrano
6 deals$15.3M volume(908) 227-8226
BROKER
Josephine Alvarado
Re/Max
Josephine Alvarado
2 deals$16.2M volume(201) 259-4799
BROKER

Details

SOLD
IMAGE: Josephine Alvarado & Anthony Vetrano DATE: 05/03/2024 ADDRESS: 1130 Willow Avenue MARKET: Hoboken ASSET TYPE: Multifamily SELLER'S REP: Josephine Alvarado - Re/Max Revolution BROKER: Anthony Vetrano (@Anthonyjvetrano) - Weichert Realtors (@WeichertRealtors) SALE PRICE: $1,650,000 UNITS: 4 ~ PPU: $412,500 NOTE: Anthony Vetrano represented the buyer in the sale of a charming four-unit multifamily home at 1130 Willow Avenue in Hoboken. The property sold for $1,650,000, with each unit priced at $412,500, offering well-maintained apartments with spacious layouts and natural light.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$88,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10