RE/MAX Signature Homes' Erica Haber Represents Buyer In $1.05M Jersey City Mixed-Use Sale
SOLD
$1,050,000
New Jersey
See Similar DealsMixed-use
Sold 06/06/2022
SOLD
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
See Similar DealsMixed-use
Sold 06/06/2022
Summary
NEW JERSEY
Asset Type:Mixed-use
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
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
Is there something missing? Send suggestions