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389 Washington Street, Jers...

Rachel Yang Acquires Condo In Jersey City For $1.06M
SOLD

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

Michael Dengelegi

Keller Williams Realty

Broker

$2.4M

vol

2 deals

Broker

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

14.97%

Cash-on-Cash

-4.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93