Adam Bickoff Of Compass Facilitates $1.268M Sale Of Hoboken Multifamily
213 4th Street
$1,268,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 30, 2024
AI
In Hoboken, a multifamily property located at 213 4th Street was sold for $1,268,000. The property is a 25-foot-wide brick home overlooking Church Square Park. It features two units: a duplex with two bedrooms and two bathrooms, and a simplex with one bedroom plus an office and one bathroom. The property offers a coveted location near cafes, restaurants, shops, and the farmers market, combining modern conveniences with old-world charm like exposed brick and large windows with park views.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,268,000
- Units: 2
- Price Per Unit: $634,000
- Address: 213 4th Street, Hoboken
- Market: Hoboken
The sale of the property at 213 4th Street was facilitated by broker Adam Bickoff of Compass. The property's location near Church Square Park, with its proximity to various amenities, played a significant role in the transaction. Adam Bickoff's expertise and representation in the deal contributed to the successful sale of this charming multifamily property.
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
12.51%
Cash-on-Cash
-3.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93