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.
On the Map
$1,620,000
$1,031/SF
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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