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914 Hudson Street, Hoboken,...

Brown Harris Stevens Acquires Multifamily Property In Hoboken For $3.4M
SOLDMultiFamily

Brown Harris Stevens Acquires Multifamily Property In Hoboken For $3.4M

914 Hudson Street, Hoboken, New Jersey 07030, United States

$3,400,000

Building Size

Asset Type

MultiFamily

Closing

Aug 1, 2022

AI

The multifamily property located at 914 Hudson St in Hoboken has been sold. The sale was represented by Charles Rubenstein & Farah Alli from Compass and the buyer was represented by Sharon Shahinian from Brown Harris Stevens. The transaction took place on 08/02/2022 and the sale price was $3,400,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,400,000
  • Address: 914 Hudson St, Hoboken
  • Buyer's Representative: Sharon Shahinian - Brown Harris Stevens
  • Seller's Representative: Charles Rubenstein & Farah Alli - Compass

Charles Rubenstein and Farah Alli from Compass represented the sellers in this transaction, while the buyer was represented by Sharon Shahinian from Brown Harris Stevens. The deal was closed on 08/02/2022, with a sale price of $3,400,000.

Players

Sharon Shahinian

Brown Harris Stevens

Broker

$13.7M

vol

4 deals

Broker

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

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93