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Exp Realty Acquires 101 Leonard St Multifamily In Jersey City For $1.22M
SOLD
$1,220,000
New Jersey
See Similar DealsMultiFamily
Sold 06/03/2024
SOLD
Exp Realty Acquires 101 Leonard St Multifamily In Jersey City For $1.22M
101 Leonard Street
See Similar DealsMultiFamily
Sold 06/03/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 101 Leonard Street in Jersey City has been acquired for $1.22 million. The transaction was facilitated by Exp Realty representing the buyer and Junko Nachamie of Otsubo Realty representing the seller.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,220,000
- Address: 101 Leonard Street
- Market: Jersey City
Exp Realty served as the buyer's representative, while Junko Nachamie of Otsubo Realty acted as the seller's representative in this $1.22 million transaction of the multifamily property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,066.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,334.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,783.42
Annual Debt Service$69,401.07
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