Peter Cossio Acquires Multifamily Property In Hoboken, NJ For $2.175M
318 Bloomfield St, Hoboken, NJ, USA
$2,175,000
$1,205/SF
Building Size
1,804 SF
Asset Type
MultiFamily
Closing
Apr 18, 2021
AI
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.
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
7.29%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93