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115 Wayne Street, Jersey Ci...

Multifamily Property At 115 Wayne St In Jersey City Sells For $1.85M
SOLDMultiFamily

Multifamily Property At 115 Wayne St In Jersey City Sells For $1.85M

115 Wayne Street, Jersey City, New Jersey 07302, United States

$1,850,000

$514/SF

Building Size

3,597 SF

Asset Type

MultiFamily

Closing

Jun 2, 2022

AI

The multifamily property located at 115 Wayne St in Jersey City has been sold for a total of $1,850,000. The sale was facilitated by Marge Crimmins from Preferred Realty. The property consists of two units with a price per unit of $925,000. It spans a total area of 3,597 square feet, resulting in a price per square foot of $514.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,850,000
  • Units: 2
  • Price per Unit: $925,000
  • Square Footage: 3,597
  • Price per Square Foot: $514
  • Seller's Representative: Marge Crimmins - Preferred Realty

This transaction highlights the successful collaboration between the seller, represented by Marge Crimmins from Preferred Realty, and the buyer. The sale price of $1,850,000 reflects the value of the property, with each unit priced at $925,000. The property encompasses 3,597 square feet, offering ample space for the residents. The transaction was conducted in the thriving market of Jersey City, showcasing the demand for multifamily properties in the area.

Players

Marge Crimmins

Century 21

Broker

$8.7M

vol

5 deals

Broker

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

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93