Keller Williams Village Square Realty Acquires Condo In Hoboken For $1.83M
SOLD
$1,830,000
New Jersey
See Similar DealsCondo1,421 SF
Sold 10/06/2023
SOLD
Keller Williams Village Square Realty Acquires Condo In Hoboken For $1.83M
1425 Hudson Street
See Similar DealsCondo1,421 SF
Sold 10/06/2023
Summary
NEW JERSEY
Asset Type:Condo
Price Per Square Foot:$1,287
Total Square Footage:1,421 SF
Transaction Type:Sale
A 2 bedroom condominium located at 1425 Hudson Street in Hoboken, NJ has been sold for a staggering $1,830,000. The property measures 1,421 square feet, resulting in a price per square foot of $1,288. This sale has set a new record as the highest resale price for a 2 bedroom unit in the building to date, surpassing the asking price by $180,000.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,830,000
- Address: 1425 Hudson Street, Hoboken, NJ
- Market: Hoboken
Nancy Knox from Keller Williams Village Square Realty represented the buyer in this transaction. On the seller's side, Anthony Vetrano from Weichert Realtors served as the listing agent. Both parties played instrumental roles in securing the deal and ensuring a successful outcome.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$97,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,501.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,675.13
Annual Debt Service$104,101.60
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