Updated Dec 19, 2023
Better Homes & Gardens Real Estate M3 Realty Acquires Multifamily Property In Jersey City For $1.5M
645 Jersey Avenue, Jersey City, NJ, USA
$1,500,000
$400/SF
Building Size
3,750 SF
Asset Type
MultiFamily
Closing
Dec 14, 2020
About this deal
AI
645 Jersey Avenue in Jersey City was recently sold in a multifamily property transaction. The sale took place on December 15, 2020, with a purchase price of $1,500,000. Lanru King of Better Homes & Gardens Real Estate M3 Realty represented the buyer in the deal, while Vito Del Forno of Del Forno Real Estate LLC served as the seller's representative.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
The property located at 645 Jersey Avenue, Jersey City, was sold in a recent closed transaction. Lanru King, representing Better Homes & Gardens Real Estate M3 Realty, acted as the buyer's representative, while Vito Del Forno, representing Del Forno Real Estate LLC, represented the seller. The transaction involved a multifamily property with a purchase price of $1,500,000.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93