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82.5 Erie St, Jersey City, ...

Sotheby's International Realty Sells SFR In Downtown Jersey City For $1.15M
SOLDSingle Family Residence

Sotheby's International Realty Sells SFR In Downtown Jersey City For $1.15M

82.5 Erie St, Jersey City, NJ 07302

$1,150,000

$884/SF

Building Size

1,300 SF

Asset Type

Single Family Residence

Closing

Jun 30, 2022

AI

Welcome to this charming brick row house located at 82.5 Erie Street in the heart of downtown Jersey City's Harsimus Cove. This single-family residence (SFR) offers three floors of living space, including 3 bedrooms and 1.5 bathrooms. The property features a beautifully landscaped backyard, where you can enjoy the summer months. With updated bathrooms, brand new windows throughout, and lots of original details, this home perfectly blends modern amenities with historic charm. The stylishly renovated kitchen boasts LG stainless appliances, adding to the appeal of this property. With a total area of 1,300 square feet, the price per square foot comes out to be $885. The property is conveniently located close to Grove St PATH, offering a quick commute, and provides easy access to all that downtown Jersey City has to offer.

Summary of transaction details

Gilli Axel from Sotheby's International Realty represented the parties involved in this transaction. They were instrumental in ensuring a successful deal between the buyer and seller.

Players

Gilli Axel

Compass

Broker

$3.3M

vol

3 deals

Broker

Jersey City Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93