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116 Wayne Street, Jersey Ci...

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

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.

Players

Deborah Murtagh

Weichert Realtors

Broker

$2.7M

vol

2 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

11.02%

Cash-on-Cash

-3.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93