Multifamily Property At 120 Jefferson Street In Hoboken Sold For $2.75M
SOLD
$2,750,000
New Jersey
See Similar DealsMultiFamily5,250 SF
Sold 02/04/2025
SOLD
Multifamily Property At 120 Jefferson Street In Hoboken Sold For $2.75M
120 Jefferson Street
See Similar DealsMultiFamily5,250 SF
Sold 02/04/2025
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$523
Total Square Footage:5,250 SF
Transaction Type:Sale
The multifamily asset located at 120 Jefferson Street in the Hoboken market was sold for $2,750,000. This property consists of 8 units, with a price per unit of $343,750. The total square footage of the asset measures 5,250, resulting in a price per square foot of $523.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,750,000
- Units: 8
- Price Per Unit: $343,750
- Square Footage: 5,250
- Price Per Square Foot: $523
- Broker: Jason Trembicki - KW Commercial | TIP Commercial
- Date of Transaction: 02/04/2025
Jason Trembicki represented the seller in this multifamily property transaction, showcasing his role in facilitating the sale within the Hoboken market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$146,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84
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