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118 Van Horne Street

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

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

Tom Misuraca

Keller Williams Realty

Broker

$30.7M

vol

13 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

13.50%

Cash-on-Cash

-3.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93