Updated Sep 9, 2024
423 Washington St. In Hoboken Sold For $1.81M With Kyle Klaus - Prestige Properties
423 Washington Street, Hoboken, NJ, USA
$1,812,500
$1,175/SF
Building Size
1,542 SF
Asset Type
Mixed-use
Closing
Sep 27, 2021
About this deal
AI
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.
On the Map
$1,812,500
$1,175/SF
Mixed-use
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Players
Hoboken Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.75%
Cash-on-Cash
-2.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93