423 Washington St. In Hoboken Sold For $1.81M With Kyle Klaus - Prestige Properties
SOLD
$1,812,500
New Jersey
See Similar DealsMixed-use1,542 SF
Sold 09/27/2021
SOLD
423 Washington St. In Hoboken Sold For $1.81M With Kyle Klaus - Prestige Properties
423 Washington Street, Hoboken, NJ, USA
See Similar DealsMixed-use1,542 SF
Sold 09/27/2021
Summary
NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$1,175
Total Square Footage:1,542 SF
Transaction Type:Sale
423 Washington St. in Hoboken has been sold for $1,812,500 in a mixed-use transaction. The property, represented by Kyle Klaus of Prestige Properties, offers a combination of residential and commercial spaces.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,812,500
- Date: 09/27/2021
- Address: 423 Washington St.
- Market: Hoboken
- Broker: Kyle Klaus - Prestige Properties
The deal for 423 Washington St. was completed with the assistance of Kyle Klaus from Prestige Properties. The transaction showcases the success and expertise of the involved parties in navigating the mixed-use real estate market in Hoboken.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,439.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,592.17
Annual Debt Service$103,106.10
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