Frank Meli Acquires Multifamily Building In Hoboken From Dan Kaplan For $1.9M
SOLD
$1,900,000
+ 1
New Jersey
See Similar DealsMultiFamily3,707 SF
Sold 07/10/2025
SOLD
Frank Meli Acquires Multifamily Building In Hoboken From Dan Kaplan For $1.9M
330 Hudson Street
See Similar DealsMultiFamily3,707 SF
Sold 07/10/2025
+ 1
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$512
Total Square Footage:3,707 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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