Prime Real Estate Group Represents Buyer In $2.45M Hoboken Condo Sale
SOLD
$2,450,000
New Jersey
See Similar DealsCondo2,073 SF
Sold 10/02/2023
SOLD
Prime Real Estate Group Represents Buyer In $2.45M Hoboken Condo Sale
408 Adams Street
See Similar DealsCondo2,073 SF
Sold 10/02/2023
Summary
NEW JERSEY
Asset Type:Condo
Price Per Square Foot:$1,181
Total Square Footage:2,073 SF
Transaction Type:Sale
A condo located at 408 Adams Street in Hoboken, NJ has been sold for a price of $2,450,000. The property spans across 2,073 square feet and was sold at a price per square foot of $1,182.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,450,000
- Address: 408 Adams Street, Hoboken, NJ
- Market: Hoboken, NJ
The buyer's representative for this transaction was Jonathan Bevacqua from PRIME Real Estate Group, while the seller's representative was Anthony Vetrano from Weichert Realtors.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$130,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,704.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,614.25
Annual Debt Service$139,371.00
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