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
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