Updated Oct 28, 2024
Estate Of Dorothy Duffett Acquires Multifamily Property On Grace Street In Jersey City
104-106 Grace Street
$1,050,000
$460/SF
Building Size
2,280 SF
Asset Type
MultiFamily
Closing
Aug 12, 2022
About this deal
AI
Located at 104-106 Grace Street in Jersey City, this multifamily property was recently sold in a closed transaction. The property consists of side by side 25x100 lots with an existing 2-family building. The sale price for this property was $1,050,000, with a total square footage of 2,280. The price per square foot was approximately $461.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Buyer: Estate of Dorothy Duffett
- Seller: Shiv Builders
- Broker: Steve Santurro - ReMax 1st Advantage
Representing both the buyer and the seller, Steve Santurro from ReMax 1st Advantage facilitated this transaction. This deal involved the Estate of Dorothy Duffett as the buyer and Shiv Builders as the seller. This successful transaction demonstrates the expertise and professionalism of Steve Santurro and his ability to bring both parties to a successful agreement.
Players
Belfast 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93