Realmart Realty Acquires Multifamily Property In Jersey City For $1.06M
SOLD
$1,062,000
New Jersey
See Similar DealsMultiFamily3,630 SF
Sold 06/03/2020
SOLD
Realmart Realty Acquires Multifamily Property In Jersey City For $1.06M
144 Webster Avenue, Jersey City, NJ 07307, USA
See Similar DealsMultiFamily3,630 SF
Sold 06/03/2020
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$292
Total Square Footage:3,630 SF
Transaction Type:Sale
A multifamily property located at 144 Webster Ave in Jersey City has been sold for a total price of $1,062,000. The sale was completed on 06/03/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,062,000
- Address: 144 Webster Ave, Jersey City
- Market: Jersey City
Wei Liu from Realmart Realty represented the buyer in this transaction, while Aaron Visco from Keller Williams City Life Jc Realty represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$56,640.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,773.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,034.42
Annual Debt Service$60,413.06
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