Seller's Agent in 2025
Alexander Fayn
Prominent Properties Sotheby's International Realty-Alpine
(347) 724-6393
1 in this area
56 Total Sales
Estimated Value: $1,139,000 - $1,351,000
2
Beds
3
Baths
--
Sq Ft
1,599
Sq Ft Lot
About This Home
As of March 2025Welcome to 397 1st Street in the highly desirable downtown section of Jersey City. This is a legal 3 family WHICH IS BEING SOLD FULLY OCCIPIED. All 3 units have been renovated, and updated making this a turn key investment property. The first floor unit is a large studio apt with a den that can be used as an office or for storage. Second floor is a one bed one bath with a dishwasher, and a washer/dryer. The third floor unit is also a one bed one bath with a dishwasher, and a washer/dryer. Saving the best for last this property also has a spacious backyard that is perfect for entertaining. With all major forms of transportation being close by including the PATH train to NYC this is truly a great investment. ALL UNITS HAVE SEPERATE WATER,GAS, AND ELECTRIC METERS
Last Agent to Sell the Property
Prominent Properties Sotheby's International Realty-Alpine Listed on: 01/05/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,864
Lot Details
- 1,599
Home Design
Bedrooms and Bathrooms
- 2 Bedrooms
- 3 Bathrooms
Additional Features
- Laundry in unit
- 1,599 Sq Ft Lot
Listing and Financial Details
- Legal Lot and Block 5 / 12603
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 5, 2025
Closed on
Feb 24, 2025
Sold by
Steinberg Asher
Bought by
Lewis Yaniv
Seller's Agent
Alexander Fayn
Prominent Properties Sotheby's International Realty-Alpine
Buyer's Agent
Steven Schulman
Compass New Jersey, LLC-Hoboken
List Price
$1,299,000
Sold Price
$1,200,000
Premium/Discount to List
-$99,000
-7.62%
Views
22
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,452
Avg. Annual Appreciation
3.94%
Original Mortgage
$900,000
Outstanding Balance
$896,187
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$326,265
Purchase Details
Closed on
Jan 23, 2008
Sold by
Hsbc Bank Usa
Bought by
Taree Davood and Rahimi Kobra
Purchase Details
Closed on
Jul 28, 2006
Sold by
Jernigan Andra L
Bought by
Hsbc Bank Usa
Purchase Details
Closed on
May 23, 2005
Sold by
Hand Aaron
Bought by
Jernigan Andrea L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
5.38%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Dec 24, 2003
Sold by
Johns Gregory and Johns Bethany
Bought by
Hand Aaron
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,700
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 27, 2001
Sold by
Patel Reshma
Bought by
Johns Gregory and Lesieur Bethany
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,600
Interest Rate
6.93%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 18, 1998
Sold by
Pandolfo Elvira
Bought by
Patel Reshma
Purchase Details
Closed on
Jun 25, 1998
Sold by
Pandolfo Frank
Bought by
Pandolfo Elvira
Purchase Details
Closed on
Feb 12, 1998
Sold by
Pandolfo Elvira
Bought by
Pandolfo Frank
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lewis Yaniv | $1,200,000 | Angel Title & Abstract | |
| Taree Davood | $401,000 | New Jersey Land Title | |
| Hsbc Bank Usa | $425,100 | Land Title Svcs Of Nj Inc | |
| Jernigan Andrea L | $630,000 | -- | |
| Hand Aaron | $324,000 | -- | |
| Johns Gregory | $262,000 | -- | |
| Patel Reshma | $68,000 | -- | |
| Pandolfo Elvira | -- | -- | |
| Pandolfo Frank | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lewis Yaniv | $900,000 | |
| Previous Owner | 54 Montrose Associates Llc | $250,000 | |
| Previous Owner | 49 Hawkins Llc | $800,000 | |
| Previous Owner | Taree Davood | $290,684 | |
| Previous Owner | Jernigan Andrea L | $63,000 | |
| Previous Owner | Jernigan Andrea L | $504,000 | |
| Previous Owner | Hand Aaron | $328,000 | |
| Previous Owner | Hand Aaron | $61,500 | |
| Previous Owner | Hand Aaron | $290,700 | |
| Previous Owner | Johns Gregory | $209,600 | |
| Previous Owner | Patel Reshman | $25,000 | |
| Previous Owner | Patel Reshma | $119,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/03/2025 03/03/25 | Sold | $1,200,000 | -7.6% | -- |
| 01/13/2025 01/13/25 | Pending | -- | -- | -- |
| 01/05/2025 01/05/25 | For Sale | $1,299,000 | 0.0% | -- |
| 09/07/2012 09/07/12 | Rented | $1,400 | -12.5% | -- |
| 09/07/2012 09/07/12 | Under Contract | -- | -- | -- |
| 08/10/2012 08/10/12 | For Rent | $1,600 | -- | -- |
Source: New Jersey MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $18,864 | $844,800 | $634,600 | $210,200 |
| 2024 | $18,983 | $844,800 | $634,600 | $210,200 |
| 2023 | $18,983 | $844,800 | $634,600 | $210,200 |
| 2022 | $17,893 | $844,800 | $634,600 | $210,200 |
| 2021 | $13,551 | $844,800 | $634,600 | $210,200 |
| 2020 | $13,601 | $844,800 | $634,600 | $210,200 |
| 2019 | $13,010 | $844,800 | $634,600 | $210,200 |
| 2018 | $1,369 | $844,800 | $634,600 | $210,200 |
| 2017 | $7,176 | $92,000 | $7,100 | $84,900 |
| 2016 | $7,085 | $92,000 | $7,100 | $84,900 |
| 2015 | $6,883 | $92,000 | $7,100 | $84,900 |
| 2014 | $6,839 | $92,000 | $7,100 | $84,900 |
Source: Public Records
Agents Affiliated with this Home
-
Alexander Fayn
-
Steven Schulman
Buyer's Agent in 2025
Steven Schulman
Compass New Jersey, LLC-Hoboken
(732) 439-4364
8 in this area
74 Total Sales
-
Ben Torrei
Seller's Agent in 2012
Ben Torrei
RE/MAX
(917) 288-7688
2 in this area
2 Total Sales
Map
Source: New Jersey MLS
MLS Number: 25000488
APN: 06-12603-0000-00005
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
© 2025 New Jersey Multiple Listing Service Inc. All rights reserved.
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