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
$2,431,400
$577/SF
Building Size
4,208 SF
Asset Type
—
Closing
Mar 24, 2022
AI
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
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
6.52%
Cash-on-Cash
-1.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93