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Jersey City Multifamily Sold For $2.05M With Buyer's Rep Brian Henry & Seller's Rep Stephen Gucciardo
SOLD
New Jersey
See Similar DealsMultiFamily
Sold
SOLD
Jersey City Multifamily Sold For $2.05M With Buyer's Rep Brian Henry & Seller's Rep Stephen Gucciardo
136 Sussex Street
See Similar DealsMultiFamily
Sold
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
A multi-family property located at 136 Sussex Street in Jersey City was sold for $2,050,000. The transaction was facilitated by Brian Henry of Boyne Realty representing the buyer, and Stephen Gucciardo of Keller Williams representing the seller.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,050,000
- Address: 136 Sussex Street, Jersey City
- Market: Jersey City
Brian Henry, from Boyne Realty, acted as the buyer's representative, while Stephen Gucciardo, from Keller Williams, acted as the seller's representative in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$109,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,283.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,718.05
Annual Debt Service$116,616.55
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