Updated Oct 29, 2024
Spirit Bascom Ventures Acquires Property At 1024 Clinton St Hoboken For $17.6M
1024 Clinton St, Hoboken, NJ, 07030
$17,600,000
Building Size
—
Asset Type
Office
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in this transaction is located at 1024 Clinton St, Hoboken, NJ, 07030. It was sold for $17,600,000.00, carrying no square footage details as it is marked at 0 SF. The market for this property is Hoboken.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $17,600,000.00
- Address: 1024 Clinton St, Hoboken, NJ, 07030
- Market: Hoboken
- Seller: Unknown
- Buyer: Spirit Bascom Ventures
- Seller's Representative: Kevin Helsinki & James Giaccio - Chelsea Realty
The deal involved Spirit Bascom Ventures as the buyer, representing an investment interest in the Hoboken area. Kevin Helsinki and James Giaccio of Chelsea Realty served as the representatives for the seller, facilitating the transaction process.
On the Map
$17,600,000
Office
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Players
Hoboken Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.90%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93