EMazzanti Technologies Acquires Retail Space At 720 Clinton St In Hoboken For $2.475M
SOLD
$2,475,000
New Jersey
See Similar DealsRetail3,400 SF
Sold
SOLD
EMazzanti Technologies Acquires Retail Space At 720 Clinton St In Hoboken For $2.475M
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 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
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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