Sunil Chillar Acquires Multifamily Property In Jersey City For $1.1M With Seller's Rep Daniel Pelosi
SOLD
$1,099,000
New Jersey
See Similar DealsMultiFamily2,087 SF
Sold 04/09/2021
SOLD
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
See Similar DealsMultiFamily2,087 SF
Sold 04/09/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$526
Total Square Footage:2,087 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,613.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,904.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,209.82
Annual Debt Service$62,517.85
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