Compass New Jersey Acquires Multifamily Property In Jersey City For $1.45M
130 Hutton Street, Jersey City, NJ 07307
$1,450,000
$580/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Aug 30, 2021
AI
The multifamily property located at 130 Hutton St in Jersey City has been sold for $1,450,000. The transaction took place on August 30, 2021. The property was listed for sale on Instagram by Megan Gülick and Agnieszka Sydor.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Date: 08/30/2021
- Address: 130 Hutton St
- Market: Jersey City
In this sale, Agnieszka Sydor from Compass New Jersey represented the buyer, and Megan Gülick from Sawyer Smith Residential Brokerage represented the seller. Both parties played a crucial role in facilitating the transaction.
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93