Weichert Realtors Sells Multifamily Property In Jersey City For $1.44M
116 Wayne Street, Jersey City, New Jersey 07302, United States
$1,440,000
$411/SF
Building Size
3,500 SF
Asset Type
MultiFamily
Closing
Jun 15, 2022
AI
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.
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
11.02%
Cash-on-Cash
-3.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93