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708 Bloomfield Street

Updated Dec 4, 2024

Four-Family Multifamily In Hoboken Sells For $2.2M With Stephen Lesko Rep
SOLDMultiFamily

Four-Family Multifamily In Hoboken Sells For $2.2M With Stephen Lesko Rep

708 Bloomfield Street

$2,200,000

Units

4

Asset Type

MultiFamily

Closing

May 8, 2024

About this deal

AI

A four-family brick row house at 708 Bloomfield Street in Hoboken was sold for $2,200,000. The property, situated on a residential block close to transportation, shops, and dining options, features separate entrances for each apartment, decks for three of the units overlooking a private yard, and hardwood floors throughout.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,200,000
  • Units: 4
  • Price Per Unit: $550,000
  • Address: 708 Bloomfield Street
  • Market: Hoboken

Stephen Lesko from Norman OstrowInc represented the parties in the transaction.

Players

Stephen Lesko

Norman Ostrow

Broker

$2.2M

vol

1 deal

Broker

Hoboken MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $550K per unit across 4 units on a published $2.2M (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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