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147 South Street

Engel & Völkers Brokers $1.2M Sale Of Multifamily Property In Jersey City
SOLDMultiFamily

Engel & Völkers Brokers $1.2M Sale Of Multifamily Property In Jersey City

147 South Street

$1,187,000

Building Size

Asset Type

MultiFamily

Closing

Jan 3, 2024

AI

147 South Street, located in Jersey City, was recently sold for $1,187,000. This multifamily property was brokered by Tom Worley of Engel & Völkers.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,187,000

Tom Worley of Engel & Völkers played a key role as the broker in the sale of 147 South Street. His expertise and representation facilitated the successful completion of the transaction.

Players

Tom Worley

Engel & Völkers

Broker

$3.5M

vol

2 deals

Broker

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

13.36%

Cash-on-Cash

-3.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93