Soha Fontaine Of RE/MAX On The Hudson Represents Buyer In $1.45M Multifamily Sale On Bloomfield St, Hoboken
SOLD
$1,450,000
New Jersey
See Similar DealsMultiFamily1,500 SF
Sold 12/03/2021
SOLD
Soha Fontaine Of RE/MAX On The Hudson Represents Buyer In $1.45M Multifamily Sale On Bloomfield St, Hoboken
713 Bloomfield Street, Hoboken, NJ 07030, USA
See Similar DealsMultiFamily1,500 SF
Sold 12/03/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$966
Total Square Footage:1,500 SF
Transaction Type:Sale
A multifamily property located at 713 Bloomfield St in Hoboken, NJ was recently sold for a price of $1,450,000. The transaction took place on 12/03/2021. The property is situated in a desirable market in Hoboken.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,450,000
Soha Fontaine from RE/MAX On the Hudson represented the buyer in this deal, while Jennifer Giattino from Hudson Place Realty acted as the seller's representative. Both professionals played a crucial role in facilitating the successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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