SOLDMultiFamily
Patrick Southern & Shaye Lastra Of Coldwell Banker Facilitate Sale Of Jersey City Multifamily For $1.65M
120 Mercer Street
$1,650,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 26, 2024
AI
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.
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93