EMazzanti Technologies Acquires Retail Space At 720 Clinton St In Hoboken For $2.475M
720 Clinton Street
$2,475,000
$727/SF
Building Size
3,400 SF
Asset Type
Retail
Closing
Oct 28, 2022
AI
A commercial retail property located at 720 Clinton St in Hoboken has been sold. The property is a +/- 3,400 square foot commercial condo at Wonder Lofts. The sale took place on October 28, 2022, with a sale price of $2,475,000. The price per square foot for the transaction was $728.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,475,000
- Address: 720 Clinton St
- Market: Hoboken
- Square Footage: 3,400
The buyer of the property was eMazzanti Technologies, while the seller was Prism Capital Partners. The transaction was facilitated by broker Robert Mackowski of Pierson Commercial.
Note from brokers: The commercial condo at Wonder Lofts proved to be an attractive investment opportunity.
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
6.41%
Cash-on-Cash
-1.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93