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
- 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.
Players
Jersey City CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
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