Updated Dec 21, 2023
A.J.C. Realty Exchange Acquires Mixed-Use Property In Jersey City For $2.22M
357 7th St, Jersey City, NJ, USA
$2,220,000
$2,960/SF
Building Size
750 SF
Asset Type
Mixed-use
Closing
May 25, 2020
About this deal
AI
A mixed-use property located at 357 7th St in Jersey City has been sold for $2,220,000. The transaction took place on May 25, 2021.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,220,000
- Market: Jersey City
- Buyer's Representative: Debbie Davis - A.J.C. Realty Exchange, LLC
- Seller's Representative: Mark Trompeter - Trompeter Real Estate
Mark Trompeter, from Trompeter Real Estate, represented the seller in this transaction. On the other side, Debbie Davis from A.J.C. Realty Exchange, LLC acted as the buyer's representative.
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
7.15%
Cash-on-Cash
-2.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93