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
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