Anthony Vetrano & Josephine Alvarado Broker $1.65M Sale Of 4-unit Multifamily Property In Hoboken
1130 Willow Avenue
$1,650,000
Building Size
—
Asset Type
MultiFamily
Closing
May 3, 2024
AI
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
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93