facebook
Traded Co logo
Submit

Kevin Cavanaugh's Cavanaugh Group Sells Jersey City Condo On Grand St For $2.4M

Property Image
SOLD
$2,431,400

New Jersey

See Similar Deals
4,208 SF
Sold 03/25/2022
the dealplayerscompscontact
Property Image
SOLD

Kevin Cavanaugh's Cavanaugh Group Sells Jersey City Condo On Grand St For $2.4M

304 Grand Street, Jersey City, New Jersey 07302, United States

See Similar Deals
4,208 SF
Sold 03/25/2022
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Price Per Square Foot:$577
Total Square Footage:4,208 SF
Transaction Type:Sale

A condominium unit located at 304 Grand St in Jersey City has been sold in a recent transaction. The property, measuring 4,208 square feet, was listed for an asking price of $2,198,000. The final sale price reached $2,431,400, which is 11% higher than the initial asking price. With a price per square foot of $578, this condo offers a desirable living space in the Jersey City market.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $2,431,400
  • Location: 304 Grand St, Jersey City
  • Market: Jersey City

The sale of this condo was facilitated by Kevin Cavanaugh from Cavanaugh Group at Compass. Representing the buyers and sellers in this deal, Kevin Cavanaugh ensured a successful negotiation that resulted in a sale price exceeding the initial asking price by 11%. The transaction highlights his expertise in navigating the real estate market and achieving favorable outcomes for his clients.

Players

Kevin Cavanaugh
Compass
Kevin Cavanaugh
5 deals$5.6M volume
BROKER

Details

SOLD
IMAGE: Kevin Cavanaugh DATE: 03/25/2022 ADDRESS: 304 Grand St MARKET: Jersey City ASSET TYPE: Condo BROKER: Kevin Cavanaugh (@KevinCavanaugh_) - Cavanaugh Group (@CavanaughGroup) - Compass (@Compass) ASKING PRICE: $2,198,000 SALE PRICE: $2,431,400 SF: 4,208 ~ PPSF: $578 NOTE FROM BROKER: Sold for 11% over ask.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$129,674.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,638.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,526.08
Annual Debt Service$138,312.92