Hoboken Grace Community Church Acquires Retail Property In Hoboken For $13M
409 Fourteenth St, Hoboken, New Jersey 07030, United States
$13,000,000
$650/SF
Building Size
20,000 SF
Asset Type
Retail
Closing
Mar 9, 2022
AI
Hoboken Grace Community Church has purchased a retail property located at 409 14th Road in Hoboken. The property, spanning 20,000 square feet, was sold by Hoboken Theaters for a total of $13,000,000, resulting in a price per square foot of $650.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $13,000,000
- Address: 409 14th Road
- Market: Hoboken
The buyer was represented by Jon Compitello and Dan Spero from JLL, while Jonathan Greenberg from Katz & Associates acted as the seller's representative in the deal.
Players
Hoboken Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93