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506 Garden Street, Hoboken,...

Staci Manoukian & Bruna Santana Sell Multifamily Property In Hoboken On Garden St For $966K
SOLDMultiFamily

Staci Manoukian & Bruna Santana Sell Multifamily Property In Hoboken On Garden St For $966K

506 Garden Street, Hoboken, New Jersey 07030, United States

$966,000

$827/SF

Building Size

1,167 SF

Asset Type

MultiFamily

Closing

Mar 31, 2022

AI

The multifamily property at 506 Garden St in Hoboken was recently sold in a closed transaction. The property spans 1,167 square feet and was listed for an asking price of $855,000. The sale was finalized for a price of $966,000, resulting in a price per square foot of $828.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $966,000
  • Address: 506 Garden St
  • Market: Hoboken

The sale of this multifamily property was facilitated by Staci Manoukian from Remax on the Hudson and Bruna Santana from Prominent Properties Sotheby’s International Realty. They represented the buyer and seller, respectively, in this transaction.

Players

Staci Manoukian

Christie's International Real Estate

Broker

$20M

vol

11 deals

Broker
Re/Max
Re/MaxBrokerage

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

16.42%

Cash-on-Cash

-4.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93