Prime Real Estate Group Acquires Condo At 512 Madison St, Hoboken For $2.3M
512 Madison Street, Hoboken, New Jersey 07030, United States
$2,335,000
$694/SF
Building Size
3,364 SF
Asset Type
—
Closing
Apr 3, 2022
AI
512 Madison St in Hoboken was recently sold in a closed transaction. This property is a condo with a total area of 3,364 square feet. It was sold for a sale price of $2,335,000, which translates to a price per square foot of $694. The sale took place on April 4, 2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,335,000
- Address: 512 Madison St, Hoboken
- Buyer's Representative: Todd Maloof - Prime Real Estate Group
- Seller's Representative: Tom Worley - Liberty Realty
Todd Maloof, from Prime Real Estate Group, represented the buyer in this transaction. Tom Worley, from Liberty Realty, represented the seller. As per the given information, Todd Maloof can be contacted at [email protected] or 551.427.2000.
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
6.79%
Cash-on-Cash
-1.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93