A.J.C. Realty Exchange Acquires Mixed-Use Property In Jersey City For $2.22M
SOLD
$2,220,000
New Jersey
See Similar DealsMixed-use750 SF
Sold 05/25/2020
SOLD
A.J.C. Realty Exchange Acquires Mixed-Use Property In Jersey City For $2.22M
357 7th St, Jersey City, NJ, USA
See Similar DealsMixed-use750 SF
Sold 05/25/2020
Summary
NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$2,960
Total Square Footage:750 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$118,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,887.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,523.93
Annual Debt Service$126,287.19
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