Rachel Yang Acquires Condo In Jersey City For $1.06M
389 Washington Street, Jersey City, New Jersey 07302, United States
$1,060,000
$963/SF
Building Size
1,100 SF
Asset Type
—
Closing
Jun 9, 2022
AI
Located at 389 Washington St 32A in Jersey City, this 1,100 square foot condo was recently sold for $1,060,000. The sale was finalized on June 10, 2022. The property offers breathtaking views from the 32nd floor, adding to its appeal. The transaction was facilitated by Michael Dengelegi and Darren Giordano from Keller Williams City Life Realty, representing both the buyer, Rachel Yang, and the seller, Ashok Gule.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,060,000
- Address: 389 Washington St 32A, Jersey City
- Market: Jersey City
The Giordano Group, specializing in Real Estate in Northern NJ, was instrumental in managing this transaction. The team prides themselves in delivering white-glove style service, ensuring a stress-free and seamless experience for their clients. For any buying, selling, or investment needs in Real Estate, they can be reached at 732-796-8784.
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
14.97%
Cash-on-Cash
-4.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93