December 8, 2023
, Former Water Music Studios in Hoboken Sold for 9M  – Robert Khodadadian, Robert Khodadadian

 

AIRN Management has sold the former Water Music Studios at 921-931 Madison Street in Hoboken, NJ, for $8.5 million. 

The site is part of a larger portfolio of seven properties along the New Jersey Gold Coast. The new owner plans to develop a luxury 36-unit residential complex alongside ground-level commercial space, capitalizing on the site’s strategic proximity to transport links and major retailers. 

The sale was orchestrated by CBRE’s Fahri Ozturk, Richard Gatto, Zach McHale, and Jeff Babikian, appointed by a court-assigned restructuring management team for this purpose.  

The post Former Water Music Studios in Hoboken Sold for 9M  appeared first on Connect CRE.

 

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

 robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate

 Read MoreConnect CREAIRN Management has sold the former Water Music Studios at 921-931 Madison Street in Hoboken, NJ, for $8.5 million.  The site is part of a larger portfolio of seven properties along the New Jersey Gold Coast. The new owner plans to develop a luxury 36-unit residential complex alongside ground-level commercial space, capitalizing on the site’s …
The post Former Water Music Studios in Hoboken Sold for 9M  appeared first on Connect CRE. 

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