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105 Sussex St, The Waterfro...

Updated Sep 9, 2024

The Moorefield Group Acquires Condo At 105 Sussex St. For $970,000
SOLD

The Moorefield Group Acquires Condo At 105 Sussex St. For $970,000

105 Sussex St, The Waterfront, Jersey City, NJ, USA

$970,000

$736/SF

Building Size

1,318 SF

Asset Type

Closing

Jun 24, 2021

About this deal

AI

105 Sussex St. in Downtown, Jersey City, NJ, has been sold in a closed transaction. The property is a condo, spanning over 1,318 square feet. The sale took place on 06/24/2021, with an asking price of $915,000. However, the property was sold for $970,000, resulting in a price per square foot of $736. Darden Moorefield, from The Moorefield Group at KW City Life JC, represented the parties involved in this transaction.

Summary of Transaction Details

  • Property Type: Condo
  • Transaction Amount: $970,000
  • Square Footage: 1,318
  • Asking Price: $915,000
  • Price per Square Foot: $736
  • Date: 06/24/2021
  • Broker: Darden Moorefield - The Moorefield Group - KW City Life JC

This transaction showcases the successful sale of 105 Sussex St., demonstrating the demand for condos in Downtown, Jersey City, NJ. The property's appealing features and competitive price per square foot likely contributed to the higher sale price of $970,000. The involvement of Darden Moorefield, a reputable real estate representative from The Moorefield Group at KW City Life JC, underscores the professionalism and expertise demonstrated throughout the deal.

Players

Frank Darden Moorefield

Keller Williams Realty

Broker

$14.6M

vol

9 deals

Broker

Jersey City CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $736 per square foot on a published $970K for 1,318 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

16.35%

Cash-on-Cash

-4.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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