Keller Williams City Life JC Realty Acquires Multifamily Property In Jersey City, NJ
SOLD
New Jersey
See Similar DealsMultiFamily2,500 SF
Sold 04/22/2021
SOLD
Keller Williams City Life JC Realty Acquires Multifamily Property In Jersey City, NJ
133 Hutton Street, Jersey City, NJ 07307, USA
See Similar DealsMultiFamily2,500 SF
Sold 04/22/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$440
Total Square Footage:2,500 SF
Transaction Type:Sale
The multifamily property located at 133 Hutton St in Jersey City, NJ was recently sold. The transaction took place on 04/22/2021, with a sale price of $1,100,000. The property consists of two units, resulting in a price per unit (PPU) of $550,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 133 Hutton St, Jersey City, NJ
- Market: Jersey City, NJ
- Units: 2
- Price per Unit (PPU): $550,000
Erin Downs from Keller Williams City Life JC Realty represented the buyer in this transaction, while Jesse Toledano from Modern Spaces NJ LLC represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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