Jersey City Multifamily Sold For $2.05M With Buyer's Rep Brian Henry & Seller's Rep Stephen Gucciardo
136 Sussex Street
$2,050,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 30, 2023
AI
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.
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93