Updated Oct 29, 2024
OEI Acquires Package Deal In Hoboken For $31.95M
716 Madison StHoboken, NJ 07030, USA
$31,950,000
$998/SF
Building Size
31,995 SF
Asset Type
Package Deal
Closing
May 18, 2023
About this deal
AI
The package deal in Hoboken, involving the properties at 716-32 Madison St, 830 Hudson St, and 1015-19 Clinton St, has been sold for a total of $31,950,000. The total square footage of the properties is 31,995, with a price per square foot of $999.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $31,950,000
- Square Footage: 31,995
- Address: 716-32 Madison St, 830 Hudson St, and 1015-19 Clinton St
- Market: Hoboken
Michael Fazio, OEI 716 MADISON LLC, OEI 830 HUDSON LLC, and OEI 1015 CLINTON LLC have purchased the properties in this package deal. The acquisition was facilitated by Niko Nicolaou and Ryan Dowd from Cushman & Wakefield, acting as the buyer's representatives. Town Title Agency insured the purchase of the three properties.
Players
Hoboken Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93