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614 Hudson Street, Hoboken,...

Brown Harris Stevens Represents Sale Of Hoboken Multifamily For $5.9M
SOLDMultiFamily

Brown Harris Stevens Represents Sale Of Hoboken Multifamily For $5.9M

614 Hudson Street, Hoboken, New Jersey 07030, United States

$5,900,000

Building Size

Asset Type

MultiFamily

Closing

Sep 8, 2022

AI

A multifamily property located at 614 Hudson St in Hoboken has been sold for a total of $5,900,000. The transaction was completed on 09/09/2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,900,000
  • Address: 614 Hudson St, Hoboken
  • Market: Hoboken

The sale was facilitated by Peter Cossio from Brown Harris Stevens, who represented the buyer and seller in the transaction.

Players

Peter Cossio

Brown Harris Stevens

Broker

$29M

vol

8 deals

Broker

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

2.69%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93