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166 6th Street, Hoboken, NJ...

SOLDMultiFamily

Keller Williams NJ Metro Group Acquires Multifamily Property In Hoboken, NJ For $1.35M

166 6th Street, Hoboken, NJ, USA

$1,350,000

$789/SF

Building Size

1,710 SF

Asset Type

MultiFamily

Closing

Apr 6, 2021

AI

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

Tamima Friedman

Keller Williams Realty

Broker

$1.4M

vol

1 deal

Broker
Re/Max
Re/MaxBrokerage

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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93