Patrick Knightly Buys Condo From Kristen Meyer In Hoboken For $1.225M
SOLD
$1,225,000
New Jersey
See Similar DealsCondo1,167 SF
Sold 05/17/2024
SOLD
Patrick Knightly Buys Condo From Kristen Meyer In Hoboken For $1.225M
506 Garden Street
See Similar DealsCondo1,167 SF
Sold 05/17/2024
Summary
NEW JERSEY
Asset Type:Condo
Price Per Square Foot:$1,049
Total Square Footage:1,167 SF
Transaction Type:Sale
The property at 506 Garden Street in Hoboken, a condo with 1,167 square feet, was recently sold. The transaction took place on 05/17/2024, with a sale price of $1,225,000 at a price per square foot of $1,050.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $1,225,000
- Buyer: Patrick Knightly
- Seller: Kristen Meyer
- Buyer's Rep: Anne-Marie Pelletier - Singleton Galmann Realty
- Seller's Rep: Staci Manoukian - Christie's International Real Estate
Anne-Marie Pelletier represented the buyer, Patrick Knightly, in this transaction. Staci Manoukian, from Christie's International Real Estate, acted as the seller's representative, Kristen Meyer. Both agents played crucial roles in facilitating the successful sale of this property in Hoboken.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,352.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,807.12
Annual Debt Service$69,685.50
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