Nadeem Qavi Sells Land On Vroom Street In Jersey City For $1.45M
76 Vroom Street, Jersey City, New Jersey 07306, United States
$1,450,000
Building Size
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Asset Type
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Closing
Apr 24, 2022
AI
The property is a land located at 76 Vroom Street in Jersey City. The transaction date was on April 25, 2022. The sale price for the land was $1,450,000. The buyer's representative in this deal was Joachim Horvitz from Christie's International Real Estate Northern New Jersey, while the seller's representative was Nadeem Qavi from RE/MAX Competitive Edge. The image of the property was captured by Nadeem Qavi.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,450,000
- Address: 76 Vroom Street, Jersey City
- Market: Jersey City
The deal involved the buyer's representative, Joachim Horvitz, from Christie's International Real Estate Northern New Jersey, and the seller's representative, Nadeem Qavi, from RE/MAX Competitive Edge.
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93