Keller Williams NJ Metro Group Acquires Multifamily Property In Hoboken, NJ For $1.35M
$1,350,000
SOLD
$1,350,000
New Jersey
See Similar DealsMultiFamily1,710 SF
Sold 04/07/2021
$1,350,000
SOLD
Keller Williams NJ Metro Group Acquires Multifamily Property In Hoboken, NJ For $1.35M
166 6th Street, Hoboken, NJ, USA
See Similar DealsMultiFamily1,710 SF
Sold 04/07/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$789
Total Square Footage:1,710 SF
Transaction Type:Sale
The transaction involved a multifamily asset located at 166 6th Street in Hoboken, NJ. The property consists of 3 units with a price per unit of $450,000, resulting in a total transaction amount of $1,350,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 166 6th Street
- Market: Hoboken, NJ
- Units: 3
- Price Per Unit: $450,000
- Buyer's Representative: Tamima Friedman - Keller Williams NJ Metro Group
- Seller's Representative: Kunal Sodhi - RE/MAX Select
Key individuals involved in the transaction include Tamima Friedman, representing the buyer, and Kunal Sodhi, representing the seller, facilitating the deal between their respective clients in this multifamily property transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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