Vivek Bhandari Buys Multifamily Property In Jersey City For $1.2M
137 Manhattan Avenue
$1,200,000
$342/SF
Building Size
3,500 SF
Asset Type
MultiFamily
Closing
Apr 24, 2024
AI
The multifamily property located at 137 Manhattan Avenue in Jersey City was sold for $1,200,000. The asset consists of 2 units with a total square footage of 3,500. The price per unit was $600,000, and the price per square foot was $343.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 137 Manhattan Avenue
- Market: Jersey City
The sale was facilitated by Maikol Puebla and Tatiana Ponce from Christie's International Real Estate. The buyer of the property was Vivek Bhandari, and the seller was Marcos Munoz.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93