Updated Dec 4, 2024
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
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93