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
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