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88 Morgan Street, Jersey Ci...

Aditya Bansal & Fnu Roshi Acquire Condo At 88 Morgan St Downtown Jersey City For $940K
SOLD

Aditya Bansal & Fnu Roshi Acquire Condo At 88 Morgan St Downtown Jersey City For $940K

88 Morgan Street, Jersey City, New Jersey 07302, United States

$940,000

$731/SF

Building Size

1,285 SF

Asset Type

Closing

Jun 12, 2022

AI

Located at 88 Morgan St in Downtown Jersey City, this recently closed condominium transaction involved a property with a total area of 1,285 square feet. The condo, represented by Gershon Adjaye from Keller Williams Team Realty, was sold by Shu Liu for a price of $940,000. The selling price of $940,000 translates to a price-per-square-foot (PPSF) value of $732.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $940,000
  • Address: 88 Morgan St, Downtown Jersey City
  • Square Feet: 1,285
  • PPSF: $732

The buyers, Aditya Bansal and Fnu Roshi, were represented by Jill Biggs from Coldwell Banker. This successful transaction showcases the collaboration between the buyer's representative, Jill Biggs, and the seller's representative, Gershon Adjaye.

Players

Jill Biggs

Coldwell Banker

Broker

$51.2M

vol

29 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

16.88%

Cash-on-Cash

-4.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93