EXp Realty Acquires Multifamily Asset In Hoboken For $1.3M
SOLD
$1,295,000
New Jersey
See Similar DealsMultiFamily
Sold 05/19/2022
SOLD
EXp Realty Acquires Multifamily Asset In Hoboken For $1.3M
208 3rd Street, Hoboken, New Jersey 07030, United States
See Similar DealsMultiFamily
Sold 05/19/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
Located at 208 3rd St in Hoboken, this multifamily property was recently sold for a price of $1,295,000. The transaction took place on May 19, 2022. The property features various units, making it suitable for multiple families.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,295,000
- Address: 208 3rd St, Hoboken
- Market: Hoboken
The buyer of this property was represented by Jonathan Greene from eXp Realty, while the seller was represented by David Domanich from Hudson Place Realty Inc. Both brokers played integral roles in facilitating the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,600.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,138.96
Annual Debt Service$73,667.53
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