Updated Dec 21, 2023
Kevin Cavanaugh Acquires Condo In Jersey City For $895K
198 Sherman Avenue, Jersey City, New Jersey 07307, United States
$895,000
$527/SF
Building Size
1,696 SF
Asset Type
—
Closing
May 28, 2022
About this deal
AI
The condo located at 198 Sherman Ave in Jersey City has been sold for a price of $895,000. This property spans across 1,696 square feet, resulting in a price per square foot of $528. The sale took place on May 29, 2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $895,000
- Square Footage: 1,696
- Price Per Square Foot: $528
- Market: Jersey City
- Buyer's representative: Kevin Cavanaugh - Compass
Kevin Cavanaugh from Compass represented the buyer in this transaction.
The commercial sale at 198 Sherman Avenue, Jersey City, New Jersey 07307, United States in Jersey City, New Jersey sold for $895K in 2022. The building is 1,696 square feet, implying about 527 per square foot on the published price. Kevin Cavanaugh, Compass appear on the sale alongside Compass. This page is the Jersey City, New Jersey file for the 198 Sherman Avenue, Jersey City, New Jersey 07307, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Jersey City sit in the Market section below. Filter that Jersey City commercial set by closing date to see what else sold near 198 Sherman Avenue, Jersey City, New Jersey 07307, United States around 2022. Published consideration for 198 Sherman Avenue, Jersey City, New Jersey 07307, United States is $895K, dated 2022. Cite this Kevin Cavanaugh Acquires Condo In Jersey City For $895K sale when underwriting similar commercial product around Jersey City, New Jersey.
Players
Jersey City CRE Market Snapshot
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Deal FAQ
About $527 per square foot on a published $895K for 1,696 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
17.72%
Cash-on-Cash
-5.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93