Sabina Khanna & Saurabh Maurya Acquire Hoboken Condo On Monroe Street For $2.225M
114 Monroe Street, Hoboken, NJ, USA
$2,225,000
$810/SF
Building Size
2,744 SF
Asset Type
—
Closing
Jul 29, 2020
AI
A condo unit located at 114 Monroe Street, Hoboken, NJ has been sold in a recent transaction. The property, spanning 2,744 square feet, was sold for a price of $2,225,000. The asset type of the property is a condo, and it was listed with an asking price of $2,125,000. The sale price indicates that it sold above the initial asking price, implying a competitive market demand. The price per square foot for this transaction is approximately $810. Sabina Khanna and Saurabh Maurya are the buyers of this condo unit.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,225,000
- Address: 114 Monroe Street, Hoboken, NJ
- Square Footage: 2,744 sqft
Susan Maryanski and Giovanni Maramonte, representing Keller Williams Realty, Inc., acted as the brokers in this deal. They facilitated the transaction between the buyer, Sabina Khanna and Saurabh Maurya, and the seller. Their expertise and guidance in the real estate market played a crucial role in connecting the parties involved and achieving a successful sale at an above-asking price.
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
7.13%
Cash-on-Cash
-2.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93