Updated Dec 21, 2023
Gilli Axel Acquires SFR In Jersey City For $990K
80.5 Erie St, Jersey City, NJ 07302
$990,009
$990/SF
Building Size
1,000 SF
Asset Type
Co-Op
Closing
Nov 9, 2022
About this deal
AI
A single-family home located at 80.5 Erie St in Jersey City has been sold in a recent transaction. The property, spanning 1,000 square feet, was sold for a total price of $990,000. This translates to a price per square foot of $990.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $990,000
- Address: 80.5 Erie St, Jersey City
- Market: Jersey City
Prominent Properties Sotheby’s International Realty, represented by Gilli Axel, served as the broker for this transaction.
The co op sale at 80.5 Erie St, Jersey City, NJ 07302 in Jersey City, New Jersey sold for $990K in 2022. The building is 1,000 square feet, implying about 990 per square foot on the published price. This page is the Jersey City, New Jersey file for the 80.5 Erie St, Jersey City, NJ 07302 co op sold: pricing, party profiles, and other closed co op comps from the same Jersey City sit in the Market section below. Filter that Jersey City co op set by closing date to see what else sold near 80.5 Erie St, Jersey City, NJ 07302 around 2022. Published consideration for 80.5 Erie St, Jersey City, NJ 07302 is $990K, dated 2022. Cite this Gilli Axel Acquires SFR In Jersey City For $990K sale when underwriting similar co op product around Jersey City, New Jersey.
Players
Jersey City Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Deal FAQ
About $990 per square foot on a published $990K for 1,000 square feet (2022).
Browse New Jersey co op sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.02%
Cash-on-Cash
-4.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93