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Naeihomy Castillo & Tom Misuraca Facilitate $1.175M Sale Of Jersey City MultiFamily

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SOLD
$1,175,000

New Jersey

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MultiFamily
Sold 04/30/2024
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Property Image
SOLD

Naeihomy Castillo & Tom Misuraca Facilitate $1.175M Sale Of Jersey City MultiFamily

118 Van Horne Street

See Similar Deals
MultiFamily
Sold 04/30/2024
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

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

Tom Misuraca
13 deals$30.7M volume(862) 244-1032
BROKER

Naeihomy Castillo
Keller Williams Realty
1 deal$1.2M volume(201) 308-1574
BROKER

Details

SOLD
IMAGE: Naeihomy Castillo & Tom Misuraca DATE: 04/30/2024 ADDRESS: 118 Van Horne Street MARKET: Jersey City ASSET TYPE: MultiFamily BUYER'S REP: Naeihomy Castillo - Keller Williams City Views (@KWCityViews) SELLER'S REP: Tom Misuraca (@MisuracaGroup) - Keller Williams City Life Realty (@KWCityLife) SALE PRICE: $1,175,000 UNITS: 3 ~ PPU: $391,667 NOTE: In Jersey City's market, a fully renovated 3-unit multifamily building at 118 Van Horne Street was sold for $1,175,000. 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. The property features luxurious, thoughtfully crafted residences with modern amenities including in-unit laundry and central air, offering an ideal urban living experience in Jersey City's vibrant and rapidly growing neighborhood.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$62,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,174.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,570.10
Annual Debt Service$66,841.19