Spirit Bascom Ventures Acquires Property At 1024 Clinton St Hoboken For $17.6M
SOLD
New Jersey
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SOLD
Spirit Bascom Ventures Acquires Property At 1024 Clinton St Hoboken For $17.6M
1024 Clinton St, Hoboken, NJ, 07030
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Summary
NEW JERSEY
Asset Type:Office
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$938,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$62,529.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$83,432.98
Annual Debt Service$1,001,195.75
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