Updated Dec 20, 2023
Hoboken Multifamily Property Sold For $1.75M With Triplemint As Brokers
218 Garden Street, Hoboken, NJ 07030
$1,750,000
Units
3
Asset Type
MultiFamily
Closing
Jan 14, 2022
About this deal
AI
The multifamily property located at 218 Garden St in Hoboken has been sold in a recent transaction. The sale was facilitated by brokers Carolyn Studham and Pamela Kalmus from Triplemint. The sale took place on January 14, 2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Address: 218 Garden St, Hoboken
- Market: Hoboken
- Brokers: Carolyn Studham & Pamela Kalmus - Triplemint
- Units: 3
- Price Per Unit (PPU): $583,333
The property consists of three units and was sold for a total of $1,750,000, with each unit having a price per unit of $583,333. Carolyn Studham and Pamela Kalmus from Triplemint served as the brokers in this transaction, representing the buyer and seller.
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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93