Kevin Cavanaugh Acquires Condo In Jersey City For $895K
SOLD
$895,000
New Jersey
See Similar Deals1,696 SF
Sold 05/29/2022
SOLD
Kevin Cavanaugh Acquires Condo In Jersey City For $895K
198 Sherman Avenue, Jersey City, New Jersey 07307, United States
See Similar Deals1,696 SF
Sold 05/29/2022
Summary
NEW JERSEY
Price Per Square Foot:$527
Total Square Footage:1,696 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$47,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,179.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,242.76
Annual Debt Service$50,913.08
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