Purchase of Jersey City Single Family From Rajan Rehan & Kruti Joshi For $1.9M
SOLD
New Jersey
See Similar DealsSingle Family1,900 SF
Sold 07/08/2024
SOLD
Purchase of Jersey City Single Family From Rajan Rehan & Kruti Joshi For $1.9M
226 3rd Street
See Similar DealsSingle Family1,900 SF
Sold 07/08/2024
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.
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Deal Type
30 years
10 years
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
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