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Multifamily Property At 161 9th Street In Hoboken Sells For $1.499 Million With Brokers Anne-Marie Pelletier & Alice Galmann
SOLD
New Jersey
See Similar DealsMultiFamily
Sold 10/02/2023
SOLD
Multifamily Property At 161 9th Street In Hoboken Sells For $1.499 Million With Brokers Anne-Marie Pelletier & Alice Galmann
161 9th Street
See Similar DealsMultiFamily
Sold 10/02/2023
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 161 9th Street in Hoboken has recently been sold for $1.499 million. The property, represented by Anne-Marie Pelletier and Alice Galmann of Singleton Galmann Realty, is a valuable asset in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,499,000
- Address: 161 9th Street, Hoboken
- Market: Hoboken
The successful sale was made possible with the expertise and efforts of Anne-Marie Pelletier and Alice Galmann, who served as the brokers through Singleton Galmann Realty. Their professional guidance and negotiation skills contributed to the smooth transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,946.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,325.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,106.02
Annual Debt Service$85,272.30
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