Casey Wang & Chenyue Xie Sell 15 Wayne Street Multifamily For $1.875M
SOLD
$1,875,000
New Jersey
See Similar DealsMultiFamily3,000 SF
Sold 02/27/2024
SOLD
Casey Wang & Chenyue Xie Sell 15 Wayne Street Multifamily For $1.875M
15 Wayne Street
See Similar DealsMultiFamily3,000 SF
Sold 02/27/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$625
Total Square Footage:3,000 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$100,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,661.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,888.46
Annual Debt Service$106,661.48
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