Updated Dec 4, 2024
Jersey City Multifamily Sold For $1.23M With Prestige Properties And Prominent Properties Sotheby's
103 Orient Avenue
$1,237,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 26, 2023
About this deal
AI
A Jersey City multifamily property at 103 Orient Avenue was sold for $1,237,000. The property is located in the Jersey City market and is classified as a MultiFamily asset.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $1,237,000
- Address: 103 Orient Avenue
- Market: Jersey City
The buyer's representative in this transaction was Carey Klemm from Prestige Properties. On the other hand, the seller's representative was Dimas Rivera from Prominent Properties Sotheby's International Realty.
NOTE: A Jersey City multifamily property at 103 Orient Avenue was sold for $1,237,000 with buyer's rep Carey Klemm from Prestige Properties and seller's rep Dimas Rivera from Prominent Properties Sotheby's International Realty.
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.82%
Cash-on-Cash
-3.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93