Sonia DaSilva Acquires $1.475M Multifamily In Jersey City As Buyer's Rep
113 Lake Street
$1,475,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 1, 2024
AI
The sale involved a modern two-family home located at 113 Lake Street in Jersey City. The property was sold for $1,475,000 and offers over 4,600 square feet of space, including a 2,200-square-foot duplex. Situated in a convenient location near public transportation, shopping, and schools, this property serves as an ideal investment opportunity for commuters in Jersey City.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,475,000
- Address: 113 Lake Street
- Market: Jersey City
- Buyer's Rep: Sonia DaSilva - Prominent Properties Sotheby's International Realty
- Seller's Rep: Angelina Samarelli & Neelu Nainani - Smart Choice Realty
Sonia DaSilva from Prominent Properties Sotheby's International Realty represented the buyer in this transaction, demonstrating her expertise in facilitating successful real estate deals. On the other hand, Angelina Samarelli and Neelu Nainani from Smart Choice Realty represented the seller, showcasing their commitment to achieving favorable outcomes for their clients in the property market.
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
10.75%
Cash-on-Cash
-3.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93