Michelle Mumoli Of Compass Represents Buyer In Condo Sale At 99 Hudson Street For $1.05M
SOLD
$1,050,000
New Jersey
See Similar DealsCondo775 SF
Sold 10/07/2024
SOLD
Michelle Mumoli Of Compass Represents Buyer In Condo Sale At 99 Hudson Street For $1.05M
99 Hudson Street
See Similar DealsCondo775 SF
Sold 10/07/2024
Summary
NEW JERSEY
Asset Type:Condo
Price Per Square Foot:$1,354
Total Square Footage:775 SF
Transaction Type:Sale
The property asset involved in this transaction is a condo located at 99 Hudson Street in Jersey City, NJ. The sale price for the condo was $1,050,000, encompassing a total square footage of 775, resulting in a price per square foot of $1,354.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,050,000
- Market: Jersey City, NJ
- Square Footage: 775
- Price per Square Foot: $1,354
- Broker: Michelle Mumoli - Compass
Michelle Mumoli represented the buyer in this private off-market sale, which was facilitated through a commercial broker referral. The transaction was noted for the tailored effort made to meet the unique needs of the clients over a year-long search.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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