Mehak Rashid Acquires Condo At 115 Garden St Unit 3B In Hoboken For $1.51M
115 Garden Street, Hoboken, New Jersey 07030, United States
$1,510,000
$943/SF
Building Size
1,600 SF
Asset Type
—
Closing
Mar 30, 2022
AI
A condo unit located at 115 Garden St Unit 3B in Hoboken has been sold in a recent transaction. The property, spanning 1,600 square feet, was listed for $1,450,000. The final sale price for the unit was $1,510,000, equating to a price per square foot of $944.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,510,000
- Address: 115 Garden St Unit 3B, Hoboken
- Market: Hoboken
- Buyer: Mehak Rashid
- Seller: Johnh Edwards & Kati Martin
- Brokers: Danielle Fleming - Prime Real Estate Group; Matthew Gray - Nest Seekers International
Danielle Fleming from Prime Real Estate Group and Matthew Gray from Nest Seekers International represented the parties involved in the transaction. The deal closed on 03/31/2022 and the property was sold to Mehak Rashid by Johnh Edwards & Kati Martin.
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
10.51%
Cash-on-Cash
-3.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93