Berry Wingzer Acquires Multifamily Property At 114 Neptune Avenue Jersey City From Vincent Ho For $999,999
114 Neptune Avenue
$999,999
$203/SF
Building Size
4,908 SF
Asset Type
MultiFamily
Closing
Mar 19, 2025
AI
The property asset involved in the transaction is a multifamily building located at 114 Neptune Avenue in Jersey City. The property comprises 6 units and has a total square footage of 4,908. The sale price was $999,999, resulting in a per unit price of $166,666 and a price per square foot of $203.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $999,999
- Number of Units: 6
- Square Footage: 4,908
- Price Per Unit: $166,666
- Price Per Square Foot: $203
- Buyer: Berry Wingzer
- Seller: Vincent Ho
- Brokers: Steven Matovski & Liam Holman - Redwood Realty Advisors
The key individuals involved in this transaction include the buyer, Berry Wingzer, and the seller, Vincent Ho. The brokers representing this deal were Steven Matovski and Liam Holman from Redwood Realty Advisors, highlighting their role in facilitating the sale of the property.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93