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.
Jersey City CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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