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Multifamily Property In Hoboken Sold For $2.7M With Buyer's Rep Jill Biggs & Seller's Rep Edward Verdel

Property Image
SOLD
$2,735,000
Ed Verdel
Jill Biggs

New Jersey

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MultiFamily
Sold 01/08/2024
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Property Image
SOLD

Multifamily Property In Hoboken Sold For $2.7M With Buyer's Rep Jill Biggs & Seller's Rep Edward Verdel

614 Bloomfield Street

See Similar Deals
MultiFamily
Sold 01/08/2024
Ed Verdel
Jill Biggs
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

In Hoboken, a multifamily property located at 614 Bloomfield Street was sold for $2,735,000. The property is situated in the market of Hoboken and is classified as a Multifamily asset.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,735,000
  • Address: 614 Bloomfield Street
  • Market: Hoboken

The buyer in this transaction was represented by Jill Biggs from Coldwell Banker, while Edward Verdel from Compass acted as the seller's representative for the deal.

In Hoboken, a multifamily property at 614 Bloomfield Street was sold for $2,735,000, with Jill Biggs of Coldwell Banker representing the buyer and Edward Verdel of Compass as the seller's representative.

Players

Jill Biggs
Coldwell Banker
Jill Biggs
29 deals$51.2M volume
BROKER
Ed Verdel
Compass
Ed Verdel
5 deals$9.3M volume
BROKER

Details

SOLD
IMAGE: Jill Biggs & Edward Verdel DATE: 01/08/2024 ADDRESS: 614 Bloomfield Street MARKET: Hoboken ASSET TYPE: Multifamily BUYER'S REP: Jill Biggs (@JillkBiggs) - Coldwell Banker (@ColdwellBanker) SELLER'S REP: Edward Verdel (@Iknowabroker) - Compass (@Compass) SALE PRICE: $2,735,000 NOTE: In Hoboken, a multifamily property at 614 Bloomfield Street was sold for $2,735,000, with Jill Biggs of Coldwell Banker representing the buyer and Edward Verdel of Compass as the seller's representative.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$145,866.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,716.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,965.30
Annual Debt Service$155,583.54