facebook
Traded Co logo
Submit

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

Property Image
SOLD
$1,815,000

New Jersey

See Similar Deals
MultiFamily2,975 SF
Sold 09/14/2021
the dealplayerscompscontact
Property Image
SOLD

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

209 6th St, Hoboken, NJ, USA

See Similar Deals
MultiFamily2,975 SF
Sold 09/14/2021
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$610
Total Square Footage:2,975 SF
Transaction Type:Sale

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

1 deal$1.8M volume
BROKER

Details

SOLD
IMAGE: Michael Galorenzo DATE: 09/14/2021 ADDRESS: 209 6Th St MARKET: Hoboken, NJ ASSET TYPE: Multifamily BUYER'S REP: Michael Galorenzo - Vue Realty Group LLC SELLER'S REP: Dolores England - R. Fiore Real Estate SALE PRICE: $1,815,000 UNITS: 2 ~ PPU: $907,500

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,799.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,448.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,604.03
Annual Debt Service$103,248.31