Henry Song & Michael Bozzi Jr. Sell Multifamily Property On Erie St In Jersey City For $1.55M With Buyer's Rep Henry Song & Seller's Rep Michael Bozzi Jr
140 Erie Street, Jersey City, NJ 07302
$1,550,000
$1,098/SF
Building Size
1,411 SF
Asset Type
MultiFamily
Closing
May 6, 2021
AI
A multifamily property located at 140 Erie St in Jersey City has been sold for a price of $1,550,000. The sale took place on May 7, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,550,000
Henry Song of Prominent Properties Sotheby's International Realty represented the buyer in this transaction, while Michael Bozzi Jr. of Keller Williams City Life Realty represented the seller.
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93