Marc Marsi Of Liberty Realty Acquires Multifamily Property In Hoboken For $1,950,000
SOLD
$1,950,000
New Jersey
See Similar DealsMultiFamily
Sold 08/25/2022
SOLD
Marc Marsi Of Liberty Realty Acquires Multifamily Property In Hoboken For $1,950,000
419 Garden Street, Hoboken, New Jersey 07030, United States
See Similar DealsMultiFamily
Sold 08/25/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$103,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94
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