Updated Dec 18, 2023
Daniel Stermer Acquires Condo On Brunswick St. In Jersey City For $320,000
229 Brunswick Street, Jersey City, NJ 07302
$320,000
$603/SF
Building Size
530 SF
Asset Type
—
Closing
Jan 11, 2022
About this deal
AI
The property involved in this closed transaction is a condo located at 229 Brunswick St. in Jersey City, NJ. The condo has a total area of 530 square feet. The property was sold to Daniel Stermer by Magda Usarek-Witek for a sale price of $320,000. The asking price and the sale price of the condo were the same. The price per square foot for this transaction was $604.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $320,000
- Date: 01/11/2022
- Address: 229 Brunswick St. Jersey City, NJ
- Buyer: Daniel Stermer
- Seller: Magda Usarek-Witek
- Broker: Nick Newman - Sawyer Smith Residential Brokerage
Nick Newman from Sawyer Smith Residential Brokerage represented both the buyer, Daniel Stermer, and the seller, Magda Usarek-Witek, in this transaction. Nick Newman can be contacted via email at [email protected] or through his Instagram handle @NickNewmanRealEstate. His mobile number is 908-884-5802, and his office number is 201-653-8000.
Jersey City CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $603 per square foot on a published $320K for 530 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
49.57%
Cash-on-Cash
-14.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93