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629 Garden Street, Hoboken,...

Brown Harris Stevens Acquires Multifamily Property In Hoboken, NJ For $2.05M
SOLDMultiFamily

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

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

7.74%

Cash-on-Cash

-2.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93