Marc Marsi Of Liberty Realty Acquires Multifamily Property In Hoboken For $1,950,000
419 Garden Street, Hoboken, New Jersey 07030, United States
$1,950,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 24, 2022
AI
The multifamily property at 419 Garden St in Hoboken has been sold for a price of $1,950,000. The sale was completed on August 25, 2022. The property is located in a vibrant market, making it an attractive investment opportunity.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,950,000
- Address: 419 Garden St
- Market: Hoboken
Marc Marsi, a representative from Liberty Realty, represented the buyer in this transaction. On the other hand, Mary Knapp from Howard Hanna Rand Realty served as the seller's representative. Their involvement ensured a smooth and successful sale process.
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93