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

Property Image
SOLD
$1,187,000

New Jersey

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MultiFamily
Sold 01/03/2024
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Property Image
SOLD

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

147 South Street

See Similar Deals
MultiFamily
Sold 01/03/2024
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

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
Tom Worley
2 deals$3.5M volume
BROKER

Details

SOLD
IMAGE: Tom Worley DATE: 01/03/2024 ADDRESS: 147 South Street MARKET: Jersey City ASSET TYPE: Multifamily BROKER: Tom Worley (@TomWorleyHomes) - Engel & Völkers (@EVHobokeNJC) SALE PRICE: $1,187,000 NOTE: 147 South Street in Jersey City, a multifamily property, was sold for $1,187,000. The transaction was brokered by Tom Worley of Engel & Völkers.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,217.15
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