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209 6th St, Hoboken, NJ, USA

Vue Realty Group LLC Acquires Multifamily Property In Hoboken, NJ For $1.8M
SOLDMultiFamily

Vue Realty Group LLC Acquires Multifamily Property In Hoboken, NJ For $1.8M

209 6th St, Hoboken, NJ, USA

$1,815,000

$610/SF

Building Size

2,975 SF

Asset Type

MultiFamily

Closing

Sep 14, 2021

AI

An investment property located at 209 6th St in Hoboken, NJ has recently been sold. The property, classified as a multifamily asset, consists of two units. The transaction was facilitated by Michael Galorenzo of Vue Realty Group LLC, representing the buyer, and Dolores England of R. Fiore Real Estate, representing the seller. The sale price for this property amounted to $1,815,000, resulting in a per unit price of $907,500.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,815,000
  • Units: 2
  • Price Per Unit: $907,500
  • Buyer's Representative: Michael Galorenzo - Vue Realty Group LLC
  • Seller's Representative: Dolores England - R. Fiore Real Estate

The involvement of Michael Galorenzo from Vue Realty Group LLC as the buyer's representative and Dolores England from R. Fiore Real Estate as the seller's representative played a crucial role in facilitating this successful transaction.

Players

Michael Galorenzo

Broker

$1.8M

vol

1 deal

Broker

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

8.74%

Cash-on-Cash

-2.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93