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1500 Hudson Street, Hoboken...

Graham Acquires Hoboken Condo For $4.2M
SOLD

Graham Acquires Hoboken Condo For $4.2M

1500 Hudson Street, Hoboken, New Jersey 07030, United States

$4,200,000

$1,489/SF

Building Size

2,820 SF

Asset Type

Closing

Dec 31, 2021

AI

The most expensive condo in Hoboken, NJ has just been sold. The property, located at 1500 Hudson St, was recently purchased for a staggering $4,200,000. This sale marks a significant milestone in the real estate market, as it is the highest price ever paid for a condo in Hoboken and the second highest price for a condo sale in all of New Jersey. The condo boasts a spacious 2,820 square feet, resulting in a price per square foot of $1,489. Its prime location and luxurious features contribute to its record-breaking sale price.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $4,200,000
  • Address: 1500 Hudson St, Hoboken, NJ
  • Buyer: Graham
  • Seller: Revokable Trust 12IJ
  • Buyer's Rep: Richard 'Tom' Crooks - Douglas Elliman
  • Seller's Rep: Peter Cossio - Brown Harris Stevens
  • Asking Price: $4,450,000
  • Square Footage: 2,820
  • Price per Square Foot: $1,489

The transaction involved several key individuals and companies. Representing the buyer, Graham, was Richard 'Tom' Crooks of Douglas Elliman. The seller, Revokable Trust 12IJ, was represented by Peter Cossio of Brown Harris Stevens. These experienced brokers played a crucial role in facilitating the sale of the record-breaking condo. Their expertise and negotiation skills ensured a successful transaction for both the buyer and the seller.

Players

Peter Cossio

Brown Harris Stevens

Broker

$29M

vol

8 deals

Broker

Hoboken CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93