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Purchase of Jersey City Single Family From Rajan Rehan & Kruti Joshi For $1.9M

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SOLD
$1,900,000

New Jersey

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Single Family1,900 SF
Sold 07/08/2024
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Property Image
SOLD

Purchase of Jersey City Single Family From Rajan Rehan & Kruti Joshi For $1.9M

226 3rd Street

See Similar Deals
Single Family1,900 SF
Sold 07/08/2024
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Summary

NEW JERSEY
Asset Type:Single Family
Price Per Square Foot:$1,000
Total Square Footage:1,900 SF
Transaction Type:Sale

The property is a single-family home located at 226 3rd Street in Jersey City. The sale price of the property was $1,900,000, and it has a total square footage of 1,900 with a price per square foot of $1,000.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $1,900,000
  • Address: 226 3rd Street
  • Market: Jersey City
  • Square Footage: 1,900
  • Price Per Square Foot: $1,000
  • Buyer: Hugo Marcotte
  • Seller: Rajan Rehan & Kruti Joshi
  • Buyer's Representative: Tom Misuraca - Keller Williams
  • Seller's Representative: Kathryn Mazzacano

This transaction involved Hugo Marcotte as the buyer, with Tom Misuraca from Keller Williams representing him. The sellers, Rajan Rehan and Kruti Joshi, were represented by Kathryn Mazzacano in the deal.

Players

Tom Misuraca
13 deals$30.7M volume(862) 244-1032
BROKER

Kathryn Mazzacano
Serhant
1 deal$1.9M volume(917) 863-7387
BROKER

Details

SOLD
IMAGE: Tom Misuraca & Kathryn Mazzacano DATE: 07/08/2024 ADDRESS: 226 3rd Street MARKET: Jersey City ASSET TYPE: Single Family BUYER: Hugo Marcotte SELLER: Rajan Rehan & Kruti Joshi BUYER'S REP: Tom Misuraca (@MisuracaGroup) - Keller Williams (@KWclhoboken) SELLER'S REP: Kathryn Mazzacano (@KPMazzy) SALE PRICE: $1,900,000 SF: 1,900 ~ PPSF: $1,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$101,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63