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720 Clinton Street

EMazzanti Technologies Acquires Retail Condo In Hoboken From Prism Capital Partners
SOLDRetail

EMazzanti Technologies Acquires Retail Condo In Hoboken From Prism Capital Partners

720 Clinton Street

$2,475,000

$727/SF

Building Size

3,400 SF

Asset Type

Retail

Closing

Oct 28, 2022

AI

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

Robert Mackowski

Pierson Commercial

Broker

$14M

vol

4 deals

Broker
eT
eMazzanti TechnologiesBuyer
PP
Prism Capital PartnersSeller

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

6.41%

Cash-on-Cash

-1.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93