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Kislak closes $6.6M sale of Hoboken mixed-use condo

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222 Washington St., Hoboken.
222 Washington St., Hoboken. - ()

Woodbridge-based The Kislak Co. has wrapped up an almost $6.6 million sale involving a mixed-use condominium in Hoboken.

The 14,000-square-foot building consists of approximately 7,500 square feet of storefront retail space and another 6,500 square feet of fully occupied lower level office space.

Kislak Senior Vice President Scott Davidovic represented the seller and procured the purchaser.

“The seller was the original developer of the property and felt the sale came at the right time due to the relatively low interest rate environment and strong demand for investment properties in Hoboken,” Davidovic said. “The property offered upside in the office rents and potential with the retail space.”

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Elana Knopp

Elana Knopp

Elana Knopp covers all things real estate for NJBIZ. You can contact her at eknopp@njbiz.com.

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