Brown Harris Stevens Acquires Multifamily Property In Hoboken, NJ For $2.05M
629 Garden Street, Hoboken, New Jersey 07030, United States
$2,050,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 2, 2022
AI
The recently closed property transaction involved a multifamily asset located at 629 Garden Street in Hoboken, NJ. The sale of this property was facilitated by Jennifer Giattino, a representative from Corcoran Sawyer Smith, who served as the seller's representative. On the buyer's side, Peter Cossio from Brown Harris Stevens acted as the buyer's representative. The transaction took place on 10/03/2022, and the sale price for this property was $2,050,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,050,000
- Address: 629 Garden Street, Hoboken, NJ
- Market: Hoboken, NJ
The buyer's representative, Peter Cossio from Brown Harris Stevens, played a pivotal role in ensuring a successful transaction. Likewise, Jennifer Giattino from Corcoran Sawyer Smith effectively represented the seller's interests throughout the deal. This closed transaction highlights the strong demand for multifamily properties 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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93