Updated Sep 11, 2026
Capital Realty Associates Facilitates $6.9M Multifamily Sale In Jersey City
484 Central Avenue
$6,900,000
$552/SF
Building Size
12,500 SF
Asset Type
—
Closing
Jul 12, 2022
About this deal
AI
The property involved in this transaction is a multifamily asset located at 6-8-10 Bergen Avenue, 938-940 Westside Avenue, and 484 Central Avenue in Jersey City. The sale price was $6,900,000, encompassing a total of 43 units. The property has a total square footage of 12,500, with a price per unit of $160,465 and a price per square foot of $552.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,900,000
- Units: 43
- Square Footage: 12,500
- Price Per Unit: $160,465
- Price Per Square Foot: $552
- Date of Transaction: 07/12/2022
- Broker: Solomon Halberstam - Capital Realty Associates
Solomon Halberstam, representing Capital Realty Associates, facilitated this transaction. For further inquiries regarding this deal and other opportunities in the Jersey City market, he can be reached at [email protected] or 732-575-0755.
On the Map
$6,900,000
$552/SF
View full map
Avenue CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Visit Solomon Halberstam to view all their deals.
Browse New Jersey sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93