Updated Dec 4, 2024
Cuc Luong Brokers $1.3M Sale Of Mixed-Use Property In Jersey City
83 Reservoir Avenue
$1,300,000
Units
6
Asset Type
Mixed-use
Closing
Mar 12, 2024
About this deal
AI
The mixed-use property located at 83 Reservoir Avenue in Jersey City was recently sold for $1.3 million. The property consists of a total of six units, leading to a per-unit price of approximately $216,667. Cuc Luong of Keller Williams City Life Jersey City Realty represented the deal as the broker.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,300,000
- Units: 6
- Price Per Unit: $216,667
- Address: 83 Reservoir Avenue
- Market: Jersey City
- Broker: Cuc Luong - Keller Williams City Life Jersey City Realty
The sale of the property at 83 Reservoir Avenue in Jersey City was facilitated by Cuc Luong, who is a representative of Keller Williams City Life Jersey City Realty. The transaction involved six units within the mixed-use property, demonstrating the diverse range of assets within the Jersey City real estate market.
Players
Jersey City Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93