Updated Dec 20, 2023
Weichert Realtors Acquires Multifamily Property In Jersey City For $2.22M
132 Mercer Street, Jersey City, New Jersey 07302, United States
$2,220,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 9, 2022
About this deal
AI
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.
On the Map
$2,220,000
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.15%
Cash-on-Cash
-2.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93