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1025 Maxwell Lane, Hoboken,...

Maxwell 306 LLC Acquires Hoboken Condo On Maxwell Ln From Englehardt
SOLD

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

Daniel Spitz

Captivate Real Estate Group

Broker

$13.7M

vol

9 deals

Broker
EXP Realty
EXP RealtyBrokerage
Re/Max
Re/MaxBrokerage

Hoboken CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

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