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94 River Street

Mario Fini Purchases Multifamily Property At 94 River Street In Hoboken For $2.8M
SOLDMultiFamily

Mario Fini Purchases Multifamily Property At 94 River Street In Hoboken For $2.8M

94 River Street

$2,800,000

$466/SF

Building Size

6,001 SF

Asset Type

MultiFamily

Closing

Jul 23, 2026

AI

94 River Street, located in Hoboken, is a multifamily property featuring 6 units. The sale price of this asset was $2,800,000, with a price per unit of $466,666. The total square footage of the property is 6,001, resulting in a price per square foot of $466.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,800,000
  • Units: 6
  • Price Per Unit: $466,666
  • Square Footage: 6,001
  • Price Per Square Foot: $466
  • Buyer: Mario Fini
  • Seller: Dan Kaplan
  • Broker: David Ferber - Matthews

Mario Fini acquired the property from seller Dan Kaplan, with representation provided by broker David Ferber from Matthews in this transaction. The deal reflects ongoing activity in the Hoboken market for multifamily assets.

Players

David Ferber

Matthews

Broker

$149M

vol

28 deals

Broker
Dan Kaplan

Dan Kaplan

Seller

$889.4M

vol

7 deals

Seller

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

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93