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83 Reservoir Avenue

Updated Dec 4, 2024

Cuc Luong Brokers $1.3M Sale Of Mixed-Use Property In Jersey City
SOLDMixed-use

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

Cuc Luong

Keller Williams Realty

Broker

$4.1M

vol

3 deals

Broker

Jersey City Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $216.7K per unit across 6 units on a published $1.3M (2024).

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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

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