Maxwell 306 LLC Acquires Hoboken Condo On Maxwell Ln From Englehardt
1025 Maxwell Lane, Hoboken, NJ 07030
$1,725,000
$924/SF
Building Size
1,865 SF
Asset Type
—
Closing
Jul 1, 2020
AI
Located at 1025 Maxwell Ln Apt 306 in Hoboken, NJ, this condominium unit was recently sold in a closed property transaction. The property spans 1,865 square feet and features a total of 3 bedrooms and 2 bathrooms. It is situated in a desirable neighborhood and offers an appealing living space. The sale took place on July 1, 2021, with the buyer being Maxwell 306 LLC and the seller being Englehardt.
Summary of transaction details:
- Property Type: Condo
- Sale Price: $1,725,000
- Asking Price: $1,735,000
- Square Footage: 1,865
- Price Per Square Foot: $925
- Market: Hoboken, NJ
Representing the buyer, Maxwell 306 LLC, was Staci Manoukian. On the other hand, Dan Spitz acted as the seller's representative in this transaction. Both parties played an essential role in facilitating the sale of this condominium unit. It is worth noting that the sale price of $1,725,000 was slightly below the asking price of $1,735,000.
Players
Hoboken CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.20%
Cash-on-Cash
-2.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93