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1101 Bloomfield Street, Hob...

Updated Sep 5, 2024

Estate Of Dana Pecorella Sells Uptown Hoboken Condo For $1.65M
SOLD

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.

Players

Robert O'Keefe

Keller Williams Realty

Broker

$1.7M

vol

1 deal

Broker

Hoboken CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

Estate Of Dana Pecorella bought a home in Hoboken for $1.7M in 2022. The full closing is on this page.

About $750 per square foot on a published $1.7M for 2,200 square feet (2022).

Visit Keller Williams Realty to view all their deals.

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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

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