Liberty Realty LLC Represents Buyer In $4.3M Hoboken Multifamily Sale
SOLD
$4,325,000
New Jersey
See Similar DealsMultiFamily
Sold 07/06/2022
SOLD
Liberty Realty LLC Represents Buyer In $4.3M Hoboken Multifamily Sale
340 Garden Street, Hoboken, New Jersey 07030, United States
See Similar DealsMultiFamily
Sold 07/06/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 340 Garden St in Hoboken has been sold. The sale took place on July 6, 2022, for a total price of $4,325,000. The property was marketed in the Hoboken market and features multiple units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,325,000
- Address: 340 Garden St
- Market: Hoboken
Representing the buyer in this deal was Michael Klein from Liberty Realty LLC. On the seller's side, Giovanni Maramonte and Lori Heidenry from Keller Williams City Life Realty served as the representatives. Their expertise and negotiation skills played a crucial role in the successful transaction of this multifamily property in Hoboken.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$230,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,365.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,502.71
Annual Debt Service$246,032.48
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