Weichert Realtors Acquires Multifamily Property In Jersey City For $2.22M
SOLD
$2,220,000
New Jersey
See Similar DealsMultiFamily
Sold
SOLD
Weichert Realtors Acquires Multifamily Property In Jersey City For $2.22M
132 Mercer Street, Jersey City, New Jersey 07302, United States
See Similar DealsMultiFamily
Sold
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 132 Mercer Street in Jersey City has been sold for $2,220,000. The transaction took place on March 10, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,220,000
- Address: 132 Mercer Street
- Market: Jersey City
The buyer's representative in this deal was Natalia Chebalina from Weichert Realtors, while the seller's representative was Vito Del Forno from Del Forno Real Estate LLC.
No additional information is available regarding the property or the individuals involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$118,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,887.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,523.93
Annual Debt Service$126,287.19
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