Updated Sep 9, 2024
Raghavendran Gopalan & Mahima Garg Acquire Condo In Jersey City, NJ For $1.62M
201 Marin Blvd, Jersey City, New Jersey 07302, United States
$1,620,000
$1,031/SF
Building Size
1,570 SF
Asset Type
—
Closing
Jan 13, 2022
About this deal
AI
The recently closed transaction in Jersey City, NJ involves the sale of a condo located at 201 Marin Blvd. The property, measuring 1,570 square feet, was sold for $1,620,000, resulting in a price per square foot of $1,032.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,620,000
- Address: 201 Marin Blvd. Jersey City, NJ
- Seller: Tara Nyack
- Buyer: Raghavendran Gopalan & Mahima Garg
- Listing Broker: Darden Moorefield - Keller Williams City Life JC
- Buyer's Broker: Matt Hobbs
The seller, Tara Nyack, successfully sold the condo to the buyers Raghavendran Gopalan & Mahima Garg with the assistance of listing broker Darden Moorefield from Keller Williams City Life JC. The buyers were represented by Matt Hobbs.
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
9.79%
Cash-on-Cash
-2.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93