Updated Dec 4, 2024
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.
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
8.46%
Cash-on-Cash
-2.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93