Updated Nov 13, 2025
Toresco Holdings Sells Multifamily Asset At 308 Madison Street In Hoboken For $8M
308 Madison Street
$8,000,000
$640/SF
Building Size
12,500 SF
Asset Type
MultiFamily
Closing
Oct 28, 2025
About this deal
AI
The multifamily property located at 308 Madison Street in Hoboken is involved in a sale transaction. The asset comprises 18 units with a total square footage of 12,500. The sale price for this transaction amounts to $8,000,000, resulting in a price per unit of $444,444 and a price per square foot of $640.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Address: 308 Madison Street
- Market: Hoboken
- Units: 18
- Square Footage: 12,500
- Price Per Unit: $444,444
- Price Per Square Foot: $640
- Seller: Toresco Holdings
- Broker: Jason Trembicki - KW Commercial
Jason Trembicki from KW Commercial represents the seller, Toresco Holdings, in this transaction, facilitating the deal between the involved parties in the Hoboken market.
On the Map
$8,000,000
$640/SF
MultiFamily
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Players
Hoboken MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93