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502 Madison Street, Hoboken...

Kevin Cavanaugh Of Cavanaugh Group Acquires Downtown Hoboken Condo For $1.35M
SOLD

Kevin Cavanaugh Of Cavanaugh Group Acquires Downtown Hoboken Condo For $1.35M

502 Madison Street, Hoboken, New Jersey 07030, United States

$1,350,000

$837/SF

Building Size

1,612 SF

Asset Type

Closing

Aug 21, 2022

AI

A condo in Downtown Hoboken has been sold for $1,350,000. The property, located at 502 Madison St, spans 1,612 square feet and was listed with an asking price of $1,375,000. The transaction took place on August 22, 2022, and the sale price equates to a price per square foot of $837. The buyer's representative in the deal was Kevin Cavanaugh from the Cavanaugh Group at Compass.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,350,000
  • Address: 502 Madison St
  • Market: Downtown Hoboken
  • Square Footage: 1,612 SF
  • Price Per Square Foot: $837

Kevin Cavanaugh from the Cavanaugh Group at Compass represented the buyer in this transaction. Congratulations to all parties involved in the successful sale of this condo in Downtown Hoboken.

Players

Kevin Cavanaugh

Compass

Broker

$5.6M

vol

5 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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93