Updated Dec 4, 2024
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
About this deal
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.
The multifamily sale at 120 Mercer Street in Jersey City, New Jersey sold for $1.7M in 2024. 120 Mercer Street is classified as Multifamily on Traded. Shaye Lastra, Patrick Southern, Coldwell Banker appear on the sale alongside Coldwell Banker. This page is the Jersey City, New Jersey file for the 120 Mercer Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Jersey City sit in the Market section below. Filter that Jersey City multifamily set by closing date to see what else sold near 120 Mercer Street around 2024. Published consideration for 120 Mercer Street is $1.7M, dated 2024. Cite this Patrick Southern & Shaye Lastra Of Coldwell Banker Facilitate Sale Of Jersey City Multifamily For $1.65M sale when underwriting similar multifamily product around Jersey City, New Jersey.
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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