Multifamily Property At 161 9th Street In Hoboken Sells For $1.499 Million With Brokers Anne-Marie Pelletier & Alice Galmann
161 9th Street
$1,499,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 2, 2023
AI
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.
Players
Hoboken MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93