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
Building Size
—
Asset Type
Mixed-use
Closing
Jun 5, 2022
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.
Players
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