Brian Henry's Boyne Realty Sells MultiFamily Property On Mercer Street For $2.05M
144 Mercer St Jersey City, NJ 07302, USA
$2,050,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 21, 2023
AI
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.
Players
New Jersey 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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93