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1024 Clinton St, Hoboken, N...

Spirit Bascom Ventures Acquires Property At 1024 Clinton St Hoboken For $17.6M
SOLDOffice

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

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.

Players

James Giaccio

Chelsea Realty

Broker

$17.6M

vol

1 deal

Broker
JLL
JLLBrokerage

Hoboken Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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