Naeihomy Castillo & Tom Misuraca Facilitate $1.175M Sale Of Jersey City MultiFamily
118 Van Horne Street
$1,175,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 30, 2024
AI
A fully renovated 3-unit multifamily building at 118 Van Horne Street in Jersey City was recently sold for $1,175,000. The property boasts luxurious residences with modern amenities such as in-unit laundry and central air, providing an upscale urban living experience in Jersey City's thriving neighborhood.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $1,175,000
- Address: 118 Van Horne Street
- Market: Jersey City
- Units: 3
- Price per Unit: $391,667
- Buyer's Rep: Naeihomy Castillo - Keller WilliamsCity Views
- Seller's Rep: Tom Misuraca - Keller Williams City Life Realty
The transaction was represented by Naeihomy Castillo of Keller Williams City Views for the buyer and Tom Misuraca of Keller Williams City Life Realty for the seller, showcasing their expertise in facilitating successful real estate deals in Jersey City's dynamic market.
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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93