Updated Oct 28, 2024
Red Bridge Homes Sells Hoboken Condo At 70 Madison St Units 501 & 502 For $1.99M
70 Madison Street, Hoboken, NJ, USA
$1,999,000
$972/SF
Building Size
2,055 SF
Asset Type
—
Closing
Aug 20, 2020
About this deal
AI
A prime condo located at 70 Madison Street Units 501 & 502 in Hoboken, NJ has been sold. The property consists of two units with a total area of 2,055 square feet. The condo was listed for sale at an asking price of $1,999,000 and was eventually sold for the same amount.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,999,000
- Address: 70 Madison Street Units 501 & 502
- Market: Hoboken, NJ
- Square Footage: 2,055
The seller of the condo was 70 Madison Corp/Red Bridge Homes. Representing the seller in this transaction was Anthony Soares from PRIME Real Estate Group.
Note: No additional information was provided regarding any financing or other parties involved in the deal.
Players
Hoboken CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $972 per square foot on a published $2M for 2,055 square feet (2020).
Visit Anthony "Tony" Soares to view all their deals.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.94%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93