Updated Aug 21, 2026
Mitch Hammer Acquires MultiFamily Property In Jersey City For $1,450,000 With Steve As Seller
15 Marion Place
$1,450,000
$166/SF
Building Size
8,700 SF
Asset Type
MultiFamily
Closing
Apr 12, 2021
About this deal
AI
A multi-family property located at 15 Marion Place in Jersey City has been sold for $1,450,000.00. The asset boasts a square footage of 8,700.0 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,450,000.00
- Address: 15 Marion Place
- Market: Jersey City
- Broker: Steven Matovski - Redwood Realty Advisors
- Buyer: Mitch Hammer
- Seller: Steve
Steven Matovski represented the seller in this transaction, facilitating the sale process effectively for both parties involved.
The multifamily sale at 15 Marion Place in Jersey City, New Jersey sold for $1.5M in 2021. The building is 8,700 square feet, implying about 166 per square foot on the published price. Steven Matovski, Mitch Hammer, Steve Neishewat, Redwood Realty Advisors appear on the sale alongside Redwood Realty Advisors. This page is the Jersey City, New Jersey file for the 15 Marion Place 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 15 Marion Place around 2021. Published consideration for 15 Marion Place is $1.5M, dated 2021. Cite this Mitch Hammer Acquires MultiFamily Property In Jersey City For $1,450,000 With Steve As Seller sale when underwriting similar multifamily product around Jersey City, New Jersey.
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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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93