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161 9th Street

Multifamily Property At 161 9th Street In Hoboken Sells For $1.499 Million With Brokers Anne-Marie Pelletier & Alice Galmann
SOLDMultiFamily

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

Anne-Marie Pelletier

Singleton Galmann Realty

Broker

$10.2M

vol

6 deals

Broker

Hoboken MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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