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19 Erie Street

Sherwin Su Acquires SFR In Jersey City From David Fernandez With Broker Allen Walton - Keller Williams For $2.3M
SOLDCo-Op

Sherwin Su Acquires SFR In Jersey City From David Fernandez With Broker Allen Walton - Keller Williams For $2.3M

19 Erie Street

$2,300,000

$1,134/SF

Building Size

2,028 SF

Asset Type

Co-Op

Closing

Dec 21, 2022

AI

A single-family home located at 19 Erie Street in Jersey City has been sold for a total price of $2,300,000. The property spans 2,028 square feet and has a price per square foot of $1,134.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $2,300,000
  • Address: 19 Erie Street, Jersey City
  • Square Footage: 2,028
  • Price per Square Foot: $1,134

The buyer in this transaction is Sherwin Su, while the seller is David Fernandez. Representing the buyer, Allen Walton from Keller Williams facilitated the deal as the broker.

Players

Allen Walton

Keller Williams Realty

Broker

$9.7M

vol

4 deals

Broker

David Fernandez

Seller

$3.3M

vol

2 deals

Seller

Jersey City Co-Op Market Snapshot

Boundary boundary · Co-Op · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93