Updated Dec 19, 2023
Soha Fontaine & Jeremy Canizares Acquire Multifamily Property In Jersey City For $1.6M
140 Morris St, Jersey City, NJ, USA
$1,600,000
$634/SF
Building Size
2,522 SF
Asset Type
MultiFamily
Closing
Mar 1, 2021
About this deal
AI
A multifamily property located at 140 Morris St in Jersey City has recently been sold for a price of $1,600,000. The transaction took place on 03/02/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 140 Morris St
- Market: Jersey City
Soha Fontaine from RE/MAX On the Hudson represented the buyer in this deal, while Jeremy Canizares from Liberty Realty acted as the seller's representative.
The multifamily sale at 140 Morris St, Jersey City, NJ, USA in Jersey City, New Jersey sold for $1.6M in 2021. The building is 2,522 square feet, implying about 634 per square foot on the published price. Soha Fontaine, Jeremy Canizares, Re/Max appear on the sale alongside Re/Max. This page is the Jersey City, New Jersey file for the 140 Morris St, Jersey City, NJ, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Jersey City sit in the Market section below. Filter that Jersey City multifamily set by closing date to see what else sold near 140 Morris St, Jersey City, NJ, USA around 2021. Published consideration for 140 Morris St, Jersey City, NJ, USA is $1.6M, dated 2021. Cite this Soha Fontaine & Jeremy Canizares Acquire Multifamily Property In Jersey City For $1.6M sale when underwriting similar multifamily product around Jersey City, New Jersey.
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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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93