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
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