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299 Pavonia Avenue

Sawyer Smith Residential's David Tucker & Meredith Foster Acquire Condo In Hamilton Park, Jersey City
SOLDCondo

Sawyer Smith Residential's David Tucker & Meredith Foster Acquire Condo In Hamilton Park, Jersey City

299 Pavonia Avenue

$1,815,000

$477/SF

Building Size

3,800 SF

Asset Type

Condo

Closing

Nov 15, 2021

AI

Located at 299 Pavonia Ave in Hamilton Park, Jersey City, this recently closed transaction involved the sale of a condo. The property spans approximately 3,800 square feet, providing ample space for its new owner. The sale price for this condo was $1,815,000, resulting in a price per square foot of $478. With its prime location in Hamilton Park, this condo offers a favorable investment opportunity.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,815,000
  • Square Footage: 3,800
  • Address: 299 Pavonia Ave, Hamilton Park, Jersey City

David Tucker and Meredith Foster, representing Sawyer Smith Residential, acted as the buyer's representatives in this transaction. On the other side, Bruce Goodrich and Gary Goodrich from Hudson Place Realty served as the seller's representatives, ensuring a smooth and successful sale. This collaborative effort between both parties contributed to the completion of the deal.

Players

David Tucker

Sawyer Smith Residential

Broker

$3.9M

vol

2 deals

Broker

Jersey City Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.74%

Cash-on-Cash

-2.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93