Prime Real Estate Group Acquires Multifamily Property In Hoboken, NJ For $2.1M
702 Bloomfield Street, Hoboken, NJ, USA
$2,100,000
$1,050/SF
Building Size
2,000 SF
Asset Type
MultiFamily
Closing
Jul 15, 2021
AI
Situated at 702 Bloomfield St in Hoboken, NJ, this recently closed transaction involved a multifamily property. The sale took place on July 16, 2021, with the property fetching a sale price of $2,100,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Address: 702 Bloomfield St, Hoboken, NJ
- Market: Hoboken, NJ
The deal was facilitated by Todd Maloof from Prime Real Estate Group, representing the buyer, and Michael Acito from Christie's International Real Estate New Jersey, Inc, who acted as the seller's representative.
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93