Erin Downs & Staci Manoukian Sell Multifamily Property In Jersey City For $1.4M
126 North Street
$1,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 22, 2023
AI
The multifamily property located at 126 North Street in Jersey City has been sold for a price of $1,400,000. The transaction was facilitated by Erin Downs from Lifestyle International Realty, representing the seller, and Staci Manoukian from Christie's International Real Estate, acting as the broker.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Seller's Rep: Erin Downs - Lifestyle International Realty
- Broker: Staci Manoukian - Christie's International Real Estate
Erin Downs, from Lifestyle International Realty, represented the seller in this transaction. Staci Manoukian, from Christie's International Real Estate, served as the broker. The deal was successfully closed, resulting in the sale of the multifamily property on North Street in Jersey City.
Players
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93