Updated Sep 5, 2024
Estate Of Dana Pecorella Sells Uptown Hoboken Condo For $1.65M
1101 Bloomfield Street, Hoboken, New Jersey 07030, United States
$1,650,000
$750/SF
Building Size
2,200 SF
Asset Type
—
Closing
Jan 5, 2022
About this deal
AI
The Columbia building, located at 1101 Bloomfield in Hoboken, has been sold in a closed transaction. The property is a 2,200 square foot condo.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,650,000
- Date: 01/06/2022
- Seller: Estate of Dana Pecorella
- Broker: Robert O'Keefe - Keller Williams Realty
This unit in the Columbia building was sold by the Estate of Dana Pecorella. The sale was facilitated by broker Robert O'Keefe from Keller Williams Realty. The selling price of the condo was $1,650,000, with a price per square foot of $750. This transaction marks the first time this unit has been on the market in 25 years and has set a record-breaking sale for the building.
The Columbia building holds historical significance, as it was originally built in 1890 as a social club by some of Hoboken's wealthiest families. Over the years, it has served as a Masonic Temple and a church before being converted into condos in the 1990s. The building's rich history adds to the allure of this timeless and iconic property located in uptown Hoboken.
Hoboken CRE Market Snapshot
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Deal FAQ
About $750 per square foot on a published $1.7M for 2,200 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93