facebook
Traded Co logo
Submit

Weichert Realtors Sells Multifamily Property In Jersey City For $1.44M

Property Image
SOLD
$1,440,000

New Jersey

See Similar Deals
MultiFamily3,500 SF
Sold 06/16/2022
the dealplayerscompscontact
Property Image
SOLD

Weichert Realtors Sells Multifamily Property In Jersey City For $1.44M

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

See Similar Deals
MultiFamily3,500 SF
Sold 06/16/2022
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$411
Total Square Footage:3,500 SF
Transaction Type:Sale

Located at 116 Wayne St in Jersey City, this multifamily property has recently been sold in a closed transaction. The property consists of 3 units, with a total square footage of 3,500. The sale price for this property was $1,440,000, resulting in a per unit price of $480,000 and a price per square foot of $411.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,440,000
  • Units: 3
  • Price per Unit: $480,000
  • Square Footage: 3,500
  • Price per Square Foot: $411
  • Market: Jersey City
  • Broker: Deborah Murtagh - Weichert Realtors

Deborah Murtagh, representing Weichert Realtors, facilitated the sale of this multifamily property on behalf of the buyer and/or seller in the transaction. The transaction took place on 06/16/2022, with Deborah Murtagh serving as the broker for the deal.

Players

Deborah Murtagh
Weichert Realtors
Deborah Murtagh
2 deals$2.7M volume
BROKER

Details

SOLD
IMAGE: Deborah Murtagh DATE: 06/16/2022 ADDRESS: 116 Wayne St MARKET: Jersey City ASSET TYPE: Multifamily BROKER: Deborah Murtagh - Weichert Realtors SALE PRICE: $1,440,000 UNITS: 3 ~ PPU: $480,000 SF: 3,500 ~ PPSF: $411

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$76,800.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,116.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,826.33
Annual Debt Service$81,916.02