Updated Oct 28, 2024
TH Start Acquires 16-Unit Multifamily In Hoboken For $9M
205-209 Madison Street, Hoboken, New Jersey 07030, United States
$9,000,000
Units
16
Asset Type
MultiFamily
Closing
Apr 12, 2022
About this deal
AI
The multifamily property located at 205-209 Madison Street in Hoboken has been sold for a total price of $9,000,000. The transaction took place on 04/13/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,000,000
- Units: 16
- Price Per Unit (PPU): $562,500
- Address: 205-209 Madison Street
- Market: Hoboken
The buyer of the property was TH Start, while the seller was H. Minks LLC. The deal was facilitated by the brokers Andrew Schwartz, Jordan Sobel, André Balthazard, and Brian Whitmer, representing Cushman & Wakefield.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93