facebook

traded

+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Multifamily

/

Sale

/

144 Mercer St Jersey City, ...

Brian Henry's Boyne Realty Sells MultiFamily Property On Mercer Street For $2.05M
SOLDMultiFamily

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

Brian Henry

Boyne Realty

Broker

$12M

vol

7 deals

Broker

New Jersey MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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