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330 Hudson Street

Frank Meli Acquires Multifamily Building In Hoboken From Dan Kaplan For $1.9M
SOLDMultiFamily

Frank Meli Acquires Multifamily Building In Hoboken From Dan Kaplan For $1.9M

330 Hudson Street

$1,900,000

$512/SF

Building Size

3,707 SF

Asset Type

MultiFamily

Closing

Jul 10, 2025

AI

The property asset involved in this transaction is a multifamily building located at 330 Hudson Street in Hoboken. The sale price of the property was $1,900,000. It consists of 5 units, resulting in a price per unit of $380,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,900,000
  • Address: 330 Hudson Street
  • Market: Hoboken
  • Units: 5
  • Price per Unit: $380,000
  • Buyer: Frank Meli
  • Seller: Dan Kaplan
  • Broker: David Ferber & Kendra Antoine - Matthews

The transaction was facilitated by brokers David Ferber and Kendra Antoine, representing both the buyer, Frank Meli, and seller, Dan Kaplan. Their involvement highlights the professional support in navigating this multifamily property transaction.

Players

David Ferber

Matthews

Broker

$140.7M

vol

26 deals

Broker
Matthews
Matthews Brokerage
Frank Meli

Frank Meli

Buyer

$385.4M

vol

3 deals

Buyer
Dan Kaplan

Dan Kaplan

Seller

$886.6M

vol

6 deals

Seller

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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93