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
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