Updated Dec 4, 2024
Jill Biggs & Michael Guarriello Facilitate $1.8M Sale Of Multifamily Asset In Hoboken
709 Bloomfield Street
$1,800,000
Units
3
Asset Type
MultiFamily
Closing
May 21, 2024
About this deal
AI
709 Bloomfield Street in Hoboken is a multifamily property consisting of three units, each selling for an average of $600,000. The property has been sold for $1,800,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Address: 709 Bloomfield Street
- Market: Hoboken
- Units: 3
- Price Per Unit: $600,000
Jill Biggs from Coldwell Banker represented the buyer, while Michael Guarriello from Keller WilliamsValley Realty represented the seller in the sale of 709 Bloomfield Street. Both real estate professionals facilitated the transaction successfully.
On the Map
$1,800,000
MultiFamily
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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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93