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114 Neptune Avenue

Berry Wingzer Acquires Multifamily Property At 114 Neptune Avenue Jersey City From Vincent Ho For $999,999
SOLDMultiFamily

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

Steven Matovski

Redwood Realty Advisors

Broker

$70.6M

vol

12 deals

Broker
Vincent Ho

Vincent Ho

Seller

$2.1M

vol

2 deals

Seller

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