Updated Dec 20, 2023
Prominent Properties Sotheby's International Realty Sells Multifamily Property In Hoboken For $1.175M
605 Bloomfield St, Hoboken, NJ, USA
$1,175,000
$498/SF
Building Size
2,356 SF
Asset Type
MultiFamily
Closing
Feb 24, 2021
About this deal
AI
The multifamily property located at 605 Bloomfield St in Hoboken was recently sold for a price of $1,175,000. The sale took place on February 25, 2021. The property is situated in a highly desirable location in Hoboken's real estate market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Address: 605 Bloomfield St
- Market: Hoboken
- BROKERS: Courtenay Batcha & Ingrid Hart – Prominent Properties Sotheby's International Realty
The transaction was facilitated by Courtenay Batcha and Ingrid Hart from Prominent Properties Sotheby's International Realty. They represented the buyer and seller in the deal, ensuring a smooth transaction process. The involvement of experienced brokers like Batcha and Hart highlights their expertise in the Hoboken market.
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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93