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Brian Henry's Boyne Realty Sells MultiFamily Property On Mercer Street For $2.05M
SOLD
$2,050,000
New Jersey
See Similar DealsMultiFamily
Sold
SOLD
Brian Henry's Boyne Realty Sells MultiFamily Property On Mercer Street For $2.05M
144 Mercer St Jersey City, NJ 07302, USA
See Similar DealsMultiFamily
Sold
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
The multi-family property located at 144 Mercer Street in Jersey City has been sold in a recent transaction. The property was listed by Brian Henry of Boyne Realty. The sale price for the property was $2,050,000.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $2,050,000
- Market: Jersey City
The transaction was facilitated by Brian Henry from Boyne Realty. He represented the seller in the deal, ensuring a successful closing for all parties involved.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$109,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,283.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,718.05
Annual Debt Service$116,616.55
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