Updated Dec 19, 2023
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
About this deal
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
- Property Type: Condo
- Transaction Amount: $1,160,000
- Market: Jersey City, NJ
- Brokers: Leilani Chin - Sawyer Smith Residential Brokerage & Sharon Shahinian - Brown Harris Stevens
In this transaction, Leilani Chin from Sawyer Smith Residential Brokerage and Sharon Shahinian from Brown Harris Stevens represented the buyer and seller respectively.
On the Map
$1,160,000
$742/SF
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Players
Jersey City CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $742 per square foot on a published $1.2M for 1,563 square feet (2021).
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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