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Patrick Southern & Shaye Lastra Of Coldwell Banker Facilitate Sale Of Jersey City Multifamily For $1.65M
SOLD
$1,650,000
New Jersey
See Similar DealsMultiFamily
Sold 02/26/2024
SOLD
Patrick Southern & Shaye Lastra Of Coldwell Banker Facilitate Sale Of Jersey City Multifamily For $1.65M
120 Mercer Street
See Similar DealsMultiFamily
Sold 02/26/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 120 Mercer Street in Jersey City was sold for $1,650,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Address: 120 Mercer Street
- Market: Jersey City
The sale of the property was facilitated by brokers Patrick Southern from @PropertiesbySouthern and Shaye Lastra from Coldwell Banker.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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