Updated May 12, 2025
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
About this deal
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.
On the Map
$1,350,000
$789/SF
MultiFamily
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Players
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93