EMazzanti Technologies Acquires Retail Condo In Hoboken From Prism Capital Partners
SOLD
$2,475,000
New Jersey
See Similar DealsRetail3,400 SF
Sold
SOLD
EMazzanti Technologies Acquires Retail Condo In Hoboken From Prism Capital Partners
720 Clinton Street
See Similar DealsRetail3,400 SF
Sold
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$727
Total Square Footage:3400 SF
Transaction Type:Sale
A +/- 3,400 square foot commercial condo located at 720 Clinton St in Hoboken has been sold at Wonder Lofts for $2,475,000. The property is situated in the retail market and has a price per square foot of $728.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,475,000
- Address: 720 Clinton St
- Market: Hoboken
eMazzanti Technologies has acquired the commercial condo, while Prism Capital Partners acted as the seller. The transaction was facilitated by Robert Mackowski from Pierson Commercial.
Note: This transaction marks the sale of a commercial condo at Wonder Lofts.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$132,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,793.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,732.76
Annual Debt Service$140,793.15
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