Peter Cossio Acquires Multifamily Property In Hoboken, NJ For $2.175M
SOLD
$2,175,000
New Jersey
See Similar DealsMultiFamily1,804 SF
Sold 04/19/2021
SOLD
Peter Cossio Acquires Multifamily Property In Hoboken, NJ For $2.175M
318 Bloomfield St, Hoboken, NJ, USA
See Similar DealsMultiFamily1,804 SF
Sold 04/19/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$1,205
Total Square Footage:1,804 SF
Transaction Type:Sale
A multifamily property located at 318 Bloomfield St in Hoboken, NJ was recently sold for $2,175,000. The transaction took place on April 19, 2021. The property is situated in the market of Hoboken, NJ.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,175,000
- Address: 318 Bloomfield St, Hoboken, NJ
- Date: April 19, 2021
- Buyer's Representative: Peter Cossio - Brown Harris Stevens - New Jersey
- Seller's Representative: Jacqueline Petruzzelli - Hudson Place Realty Inc
The buyer's representative in this transaction was Peter Cossio from Brown Harris Stevens - New Jersey, while the seller's representative was Jacqueline Petruzzelli from Hudson Place Realty Inc.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$115,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,727.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,310.61
Annual Debt Service$123,727.32
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