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60 Morris Street, Jersey Ci...

Compass Brokers Facilitate $1.1M Condo Sale In Jersey City
SOLD

Compass Brokers Facilitate $1.1M Condo Sale In Jersey City

60 Morris Street, Jersey City, New Jersey 07302, United States

$1,085,000

$896/SF

Building Size

1,210 SF

Asset Type

Closing

Aug 22, 2022

AI

A condominium located at 60 Morris St., Jersey City, was recently sold for $1,085,000. This property consists of 1,210 square feet, resulting in a price per square foot of $896. The transaction took place on 08/23/2022, as confirmed by the posted Instagram photo shared by Michelle Mumoli.

Summary of transaction details

  • Property Type: Condo
  • Sale Price: $1,085,000
  • Square Footage: 1,210
  • Price per Square Foot: $896
  • Date of Sale: 08/23/2022
  • Address: 60 Morris St., Jersey City
  • Buyer's Representative: Ellis Reid - Compass
  • Seller's Representative: Michelle Mumoli - Compass

Michele Mumoli, a representative from Compass, acted as the seller's representative in this transaction. Meanwhile, Ellis Reid from Compass represented the buyer's interests. The deal was successfully negotiated and concluded, resulting in the sale of the condominium at the aforementioned price.

Players

Michelle Mumoli

Compass

Broker

$4.1M

vol

4 deals

Broker

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

14.62%

Cash-on-Cash

-4.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93