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
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