Updated Sep 9, 2024
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.
Jersey City CRE Market Snapshot
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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