Michael Dibi Represents Both Parties In $1.9M Off-Market Multifamily Sale In Jersey City Heights
100 Lincoln Street, Jersey City, New Jersey 07307, United States
$1,900,000
$440/SF
Building Size
4,310 SF
Asset Type
MultiFamily
Closing
Feb 8, 2022
AI
A multifamily property located at 100 Lincoln St in Jersey City Heights has been sold in an off-market transaction for a total price of $1,900,000. The property consists of 6 units with an average price per unit of $316,667. The total square footage of the property is 4,310, resulting in a price per square foot of $441.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,900,000
- Units: 6
- Price per Unit: $316,667
- Square Footage: 4,310
- Price per Square Foot: $441
- Address: 100 Lincoln St
- Market: Jersey City Heights
Michael Dibi from Hudson Digs Realty represented both parties in this off-market transaction. For more information about this deal or to access other off-market opportunities in Jersey City and the surrounding areas, you can contact Michael Dibi directly at 973.747.6944 or by email at [email protected].
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93