Updated Dec 21, 2023
RE/MAX Signature Homes' Erica Haber Represents Buyer In $1.05M Jersey City Mixed-Use Sale
1180 Summit Avenue, Jersey City, New Jersey 07307, United States
$1,050,000
Units
6
Asset Type
Mixed-use
Closing
Jun 5, 2022
About this deal
AI
A mixed-use property located at 1180 Summit Ave in Jersey City has been sold for a price of $1,050,000. The property consists of 6 units, resulting in a price per unit of $175,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,050,000
- Address: 1180 Summit Ave
- Market: Jersey City
- Units: 6
- Price Per Unit: $175,000
The buyer was represented by Erica Haber from RE/MAX Signature Homes, while the seller was represented by Justin Smith from RE/MAX Select.
The mixed use sale at 1180 Summit Avenue, Jersey City, New Jersey 07307, United States in Jersey City, New Jersey sold for $1.1M in 2022. Reported inventory is 6 units across 6 units. Erica Haber, Justin Smith, Re/Max appear on the sale alongside Re/Max. This page is the Jersey City, New Jersey file for the 1180 Summit Avenue, Jersey City, New Jersey 07307, United States mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Jersey City sit in the Market section below. Filter that Jersey City mixed use set by closing date to see what else sold near 1180 Summit Avenue, Jersey City, New Jersey 07307, United States around 2022. Published consideration for 1180 Summit Avenue, Jersey City, New Jersey 07307, United States is $1.1M, dated 2022. Cite this RE/MAX Signature Homes' Erica Haber Represents Buyer In $1.05M Jersey City Mixed-Use Sale sale when underwriting similar mixed use product around Jersey City, New Jersey.
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Jersey City Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93