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124 De Kalb Avenue

Updated Dec 4, 2024

Compass Acquires Multifamily Property In Jersey City With Buyer's Rep Eddie Perez & Seller's Rep Brent Blythe III
SOLDMultiFamily

Compass Acquires Multifamily Property In Jersey City With Buyer's Rep Eddie Perez & Seller's Rep Brent Blythe III

124 De Kalb Avenue

$1,399,000

Building Size

Asset Type

MultiFamily

Closing

Oct 5, 2023

About this deal

AI

A multifamily property located at 124 Dekalb Avenue in Jersey City has been sold. The property was represented by Brent Blythe III of New and Modern Group for the seller, while Eddie Perez of Compass acted as the buyer's representative. The sale price for this property was $1,399,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,399,000
  • Address: 124 Dekalb Avenue, Jersey City
  • Market: Jersey City
  • Buyer's Representative: Eddie Perez - Compass
  • Seller's Representative: Brent Blythe III - New and Modern Group

The buyer in this transaction was represented by Eddie Perez of Compass, a real estate brokerage firm. On the other hand, Brent Blythe III, a representative from New and Modern Group, handled the seller's interests. The involvement of these brokers further highlights the collaborative efforts that took place in completing the sale.

Players

Edward Perez

Compass

Broker

$1.4M

vol

1 deal

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

11.34%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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