Soha Fontaine & Jeremy Canizares Acquire Multifamily Property In Jersey City For $1.6M
SOLD
$1,600,000
New Jersey
See Similar DealsMultiFamily2,522 SF
Sold 03/02/2021
SOLD
Soha Fontaine & Jeremy Canizares Acquire Multifamily Property In Jersey City For $1.6M
140 Morris St, Jersey City, NJ, USA
See Similar DealsMultiFamily2,522 SF
Sold 03/02/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$634
Total Square Footage:2,522 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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