Compass New Jersey Acquires Hoboken Multifamily Property For $2.1M
SOLD
$2,100,000
New Jersey
See Similar DealsMultiFamily1,132 SF
Sold 08/20/2021
SOLD
Compass New Jersey Acquires Hoboken Multifamily Property For $2.1M
1245 Bloomfield Street, Hoboken, NJ 07030, USA
See Similar DealsMultiFamily1,132 SF
Sold 08/20/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$1,855
Total Square Footage:1,132 SF
Transaction Type:Sale
A multifamily property located at 1245 Bloomfield St in Hoboken, NJ was recently sold for a price of $2,100,000. The sale took place on 08/20/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Address: 1245 Bloomfield St
- Market: Hoboken, NJ
Rami Rosen from Compass New Jersey, LLC represented the buyer in this transaction, while Elizabeth Rakela from Keller Williams City Life Realty represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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