facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

All

/

Sale

/

76 Vroom Street, Jersey Cit...

Nadeem Qavi Sells Land On Vroom Street In Jersey City For $1.45M
SOLD

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

Asset Type

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

Nadeem Qavi

Re/Max

Broker

$1.5M

vol

1 deal

Broker
Christie's International Real Estate
Christie's International Real EstateBrokerage

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

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93