Updated Dec 4, 2024
128 Bentley Avenue Multifamily Property In Jersey City Sells For $1.225M With Buyer's Rep Christopher Hartnett & Seller's Rep Daniel Mesrobian
128 Bentley Avenue
$1,225,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 6, 2023
About this deal
AI
A multifamily property located at 128 Bentley Avenue in Jersey City has been sold for $1.225 million. The transaction took place in the Jersey City market, and the asset type involved in the sale was a multifamily property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Date: 10/06/2023
- Address: 128 Bentley Avenue
- Market: Jersey City
- Buyer's Representative: Christopher Hartnett - Keller Williams City Life JC Realty
- Seller's Representative: Daniel Mesrobian - eXp Realty
The buyer in this transaction, represented by Christopher Hartnett from Keller Williams City Life JC Realty, successfully acquired the multifamily property. On the other hand, the seller was represented by Daniel Mesrobian, who works for eXp Realty.
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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93