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Hoboken Multifamily Property Sold For $1.625M With Basil Skaltsis As The Broker

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SOLD
$1,625,000

New Jersey

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MultiFamily
Sold 12/01/2023
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Property Image
SOLD

Hoboken Multifamily Property Sold For $1.625M With Basil Skaltsis As The Broker

160 11th Street

See Similar Deals
MultiFamily
Sold 12/01/2023
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

In Hoboken's market, a multifamily property located at 160 11th Street has been sold for $1.625 million. This property, with its address at 160 11th Street, was a part of the residential market in Hoboken. The transaction involved Basil Skaltsis from Corporate Realty Inc as the broker representing the parties involved.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,625,000
  • Address: 160 11th Street
  • Market: Hoboken

Basil Skaltsis, from Corporate Realty Inc, played a crucial role as the broker in this transaction. Serving as the representative for the buyers and/or sellers, Basil Skaltsis facilitated the successful completion of the deal for the multifamily property at 160 11th Street.

Players

2 deals$3.2M volume
BROKER

Details

SOLD
IMAGE: Basil Skaltsis DATE: 12/01/2023 ADDRESS: 160 11th Street MARKET: Hoboken ASSET TYPE: Multifamily BROKER: Basil Skaltsis (@CorporateRealty) - Corporate Realty Inc SALE PRICE: $1,625,000 NOTE: In Hoboken's market, the multifamily property at 160 11th Street was sold for $1.625 million, with Basil Skaltsis from CorporateRealty serving as the broker.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,773.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,703.33
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