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  • All-cash sale and Like-Kind Exchange

Davidovic of The Kislak Co. arranges 14,000 s/f commercial condo In Hoboken for $6.6 million

HOBOKEN, NJ — The Kislak Company, Inc. announced the $6.565 million sale of a 14,000 s/f commercial condominium located at 222 Washington St. in Hoboken. Kislak marketed the portfolio on an exclusive basis. Senior vice president Scott Davidovic represented the seller and procured the purchaser, a longtime client with significant holdings in Hoboken and elsewhere in Hudson County. The transaction was all cash and the purchaser completed an I.R.C. Section 1031 Exchange with the purchase. "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,”

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