SOLDMultiFamily
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
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.
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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