Updated Oct 28, 2024
KRE Leases Condo At 235 Grand St, Jersey City To Emily Roehr & Graham
235 Grand Street, Jersey City, New Jersey 07302, United States
Building Size
900 SF
Asset Type
—
Closing
May 18, 2022
About this deal
AI
The property involved in this transaction is a condo located at 235 Grand St in Jersey City. It was leased to tenants Emily Roehr and Graham. The landlord in this deal is KRE, Kushner Real Estate, and the broker representing the transaction is Victoria Devino from Sawyer Smith Residential.
Summary of transaction details
- Property Type: Condo
- Asking Rent: $4,700/ft.
- Square Footage: 900
- Address: 235 Grand St, Jersey City
- Lease Duration: 2 years
- Total Lease Cost: $108,000
The lease was signed for $4,500 per month for a duration of 2 years, resulting in a total lease cost of $108,000. This information was shared by the broker, Victoria Devino.
On the Map
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93