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