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120 Mercer Street

Patrick Southern & Shaye Lastra Of Coldwell Banker Facilitate Sale Of Jersey City Multifamily For $1.65M
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

Patrick Southern

Coldwell Banker

Broker

$38.1M

vol

19 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

9.61%

Cash-on-Cash

-2.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93