Natalia Chebalina & Frank Darden Moorefield Close $1.86M Multifamily Sale In Jersey City, NJ
SOLD
$1,860,000
New Jersey
See Similar DealsMultiFamily1,667 SF
Sold
SOLD
Natalia Chebalina & Frank Darden Moorefield Close $1.86M Multifamily Sale In Jersey City, NJ
138 Sussex Street, Jersey City, NJ 07302, USA
See Similar DealsMultiFamily1,667 SF
Sold
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$1115
Total Square Footage:1667 SF
Transaction Type:Sale
The multifamily property located at 138 Sussex St in Jersey City, NJ was recently sold for $1,860,000 on August 24, 2021. The transaction involved the buyer's representative, Natalia Chebalina from Weichert, Realtors, and the seller's representative, Frank Darden Moorefield from Keller Williams City Life JC Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,860,000
Natalia Chebalina from Weichert, Realtors represented the buyer in this sale, while Frank Darden Moorefield from Keller Williams City Life JC Realty represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$99,199.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,608.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,817.35
Annual Debt Service$105,808.19
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