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114 Monroe Street, Hoboken,...

Sabina Khanna & Saurabh Maurya Acquire Hoboken Condo On Monroe Street For $2.225M
SOLD

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

Giovanni Maramonte

Keller Williams Realty

Broker

$12.3M

vol

6 deals

Broker

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