Updated Dec 21, 2023
Sunil Chillar Acquires Multifamily Property In Jersey City For $1.1M With Seller's Rep Daniel Pelosi
13 Bentley Avenue, Jersey City, NJ 07304, USA
$1,099,000
$526/SF
Building Size
2,087 SF
Asset Type
MultiFamily
Closing
Apr 8, 2021
About this deal
AI
A multifamily property located at 13 Bentley Ave in Jersey City was recently sold. The property consists of 3 units and was sold for a price of $1,099,000. The price per unit is approximately $366,333.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,099,000
- Units: 3
- Price per Unit: $366,333
- Date: 04/09/2021
- Market: Jersey City
The buyer, Sunil Chillar, was represented by Sunil Chillar of EXIT Realty Urban Living. The seller, Daniel Pelosi, was represented by Daniel Pelosi of Weichert, Realtors.
On the Map
$1,099,000
$526/SF
MultiFamily
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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
14.43%
Cash-on-Cash
-4.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93