Updated Dec 4, 2024
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
About this deal
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.
The multifamily sale at 147 South Street in Jersey City, New Jersey sold for $1.2M in 2024. 147 South Street is classified as Multifamily on Traded. Tom Worley, Engel & Völkers appear on the sale alongside Engel & Völkers. This page is the Jersey City, New Jersey file for the 147 South Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Jersey City sit in the Market section below. Filter that Jersey City multifamily set by closing date to see what else sold near 147 South Street around 2024. Published consideration for 147 South Street is $1.2M, dated 2024. Cite this Engel & Völkers Brokers $1.2M Sale Of Multifamily Property In Jersey City sale when underwriting similar multifamily product around Jersey City, New Jersey.
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