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260 1st Street, Jersey City...

Sawyer Smith Residential Brokerage And Brown Harris Stevens Sell Jersey City Condo For $1.16M
SOLD

Sawyer Smith Residential Brokerage And Brown Harris Stevens Sell Jersey City Condo For $1.16M

260 1st Street, Jersey City, NJ, USA

$1,160,000

$742/SF

Building Size

1,563 SF

Asset Type

Closing

Aug 19, 2021

AI

The property involved in this closed transaction is a condo located at 260 1st Street Unit 1B in Jersey City, NJ. The transaction took place on August 19, 2021. The condo spans a total of 1,563 square feet, and the sale price was $1,160,000. The asking price for the property was $1,199,000, resulting in a price per square foot of $742.

Summary of transaction details

In this transaction, Leilani Chin from Sawyer Smith Residential Brokerage and Sharon Shahinian from Brown Harris Stevens represented the buyer and seller respectively.

Players

Sharon Shahinian

Brown Harris Stevens

Broker

$13.7M

vol

4 deals

Broker

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

13.68%

Cash-on-Cash

-3.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93