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113 Lake Street

Sonia DaSilva Acquires $1.475M Multifamily In Jersey City As Buyer's Rep
SOLDMultiFamily

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:

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

Angelina Samarelli

Smart Choice Realty

Broker

$1.5M

vol

1 deal

Broker

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

10.75%

Cash-on-Cash

-3.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93