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15 Wayne Street

Updated Dec 4, 2024

Casey Wang & Chenyue Xie Sell 15 Wayne Street Multifamily For $1.875M
SOLDMultiFamily

Casey Wang & Chenyue Xie Sell 15 Wayne Street Multifamily For $1.875M

15 Wayne Street

$1,875,000

$625/SF

Building Size

3,000 SF

Asset Type

MultiFamily

Closing

Feb 27, 2024

About this deal

AI

The multifamily property located at 15 Wayne Street in Jersey City, NJ, was sold for $1,875,000. The property consists of 3 units with a total square footage of 3,000. The price per unit was $625,000, and the price per square foot was $625.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,875,000
  • Units: 3
  • Square Footage: 3,000
  • Price per Unit: $625,000
  • Price per Square Foot: $625
  • Address: 15 Wayne Street, Jersey City, NJ

Casey Wang and Chenyue Xie were the sellers of the property, and the transaction was facilitated by Alexander Bush from Keller Williams.

Players

Alexander Bush

Keller Williams Realty

Broker

$4.9M

vol

3 deals

Broker

Jersey City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $625 per square foot on a published $1.9M for 3,000 square feet (2024).

Visit Alexander Bush to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.46%

Cash-on-Cash

-2.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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