Updated Feb 16, 2024
Christie's International Real Estate North Jersey Acquires Multifamily Property In Jersey City For $1.15M
117 Coles Street, Jersey City, New Jersey 07302, United States
$1,150,000
$425/SF
Building Size
2,700 SF
Asset Type
MultiFamily
Closing
Apr 24, 2022
About this deal
AI
A multifamily property located at 117 Coles St in Jersey City has been sold for $1,150,000. The sale was facilitated by Cynthia Samaris and Dana Sanchez from Christie's International Real Estate North Jersey, Inc.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Date: 04/25/2022
- Address: 117 Coles St
- Market: Jersey City
The sale of this multifamily property was handled by Cynthia Samaris and Dana Sanchez, who represented the involved parties in the transaction on behalf of Christie's International Real Estate North Jersey, Inc.
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93