Prime Real Estate Group Acquires Condo At 512 Madison St, Hoboken For $2.3M
SOLD
$2,335,000
New Jersey
See Similar Deals3,364 SF
Sold 04/04/2022
SOLD
Prime Real Estate Group Acquires Condo At 512 Madison St, Hoboken For $2.3M
512 Madison Street, Hoboken, New Jersey 07030, United States
See Similar Deals3,364 SF
Sold 04/04/2022
Summary
NEW JERSEY
Price Per Square Foot:$694
Total Square Footage:3,364 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$124,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,295.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,069.09
Annual Debt Service$132,829.10
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