Updated Sep 5, 2024
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
About this deal
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.
The multifamily sale at 140 Erie Street, Jersey City, NJ 07302 in Jersey City, New Jersey sold for $1.6M in 2021. The building is 1,411 square feet, implying about 1.1K per square foot on the published price. Michael Bozzi Jr, Henry Song, Sotheby's International Realty, Keller Williams Realty appear on the sale alongside Sotheby's International Realty, Keller Williams Realty. This page is the Jersey City, New Jersey file for the 140 Erie Street, Jersey City, NJ 07302 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 Erie Street, Jersey City, NJ 07302 around 2021. Published consideration for 140 Erie Street, Jersey City, NJ 07302 is $1.6M, dated 2021. Cite this 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 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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93