Updated Dec 21, 2023
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
About this deal
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.
On the Map
$1,440,000
$411/SF
MultiFamily
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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