Sawyer Smith Residential Brokerage And Brown Harris Stevens Sell Jersey City Condo For $1.16M
SOLD
$1,160,000
New Jersey
See Similar Deals1,563 SF
Sold 08/19/2021
SOLD
Sawyer Smith Residential Brokerage And Brown Harris Stevens Sell Jersey City Condo For $1.16M
260 1st Street, Jersey City, NJ, USA
See Similar Deals1,563 SF
Sold 08/19/2021
Summary
NEW JERSEY
Price Per Square Foot:$742
Total Square Footage:1,563 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,121.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,498.99
Annual Debt Service$65,987.90
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