Updated Sep 9, 2024
Darden Moorefield Acquires Downtown Jersey City Condo For $1.054M
160 1st St, The Waterfront, Jersey City, NJ, USA
$1,054,000
$936/SF
Building Size
1,125 SF
Asset Type
—
Closing
Jun 21, 2021
About this deal
AI
The property involved in this transaction is a condominium located at 160 1st St. in Downtown, Jersey City, NJ. The condo has a total area of 1,125 square feet. The transaction took place on 06/21/2021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,054,000
- Asking Price: $1,059,000
- Price per Square Foot: $937
- Seller's Representative: Darden Moorefield - The Moorefield Group - KW City Life JC
- Buyer's Representative: Darden Moorefield - The Moorefield Group - KW City Life JC
The property was sold for a sale price of $1,054,000, slightly lower than the asking price. Darden Moorefield from The Moorefield Group at KW City Life JC represented both the buyer and the seller in this transaction.
On the Map
$1,054,000
$936/SF
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Jersey City CRE Market Snapshot
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Deal FAQ
About $936 per square foot on a published $1.1M for 1,125 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.05%
Cash-on-Cash
-4.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93