Compass New Jersey Acquires Multifamily Property In Jersey City For $1.45M
SOLD
$1,450,000
New Jersey
See Similar DealsMultiFamily2,500 SF
Sold 08/30/2021
SOLD
Compass New Jersey Acquires Multifamily Property In Jersey City For $1.45M
130 Hutton Street, Jersey City, NJ 07307
See Similar DealsMultiFamily2,500 SF
Sold 08/30/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$580
Total Square Footage:2,500 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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