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159 Cambridge Avenue

Multi-Family Home At 159 Cambridge Avenue In Jersey City Sold For $1.41M
SOLDMultiFamily

Multi-Family Home At 159 Cambridge Avenue In Jersey City Sold For $1.41M

159 Cambridge Avenue

$1,410,000

Building Size

Asset Type

MultiFamily

Closing

Oct 7, 2024

AI

A two-family home located at 159 Cambridge Avenue in Jersey City has recently sold for $1.41 million. The property consists of 2 units, which brings the price per unit to $705,000. It includes modern layouts and hardwood floors among its features, and is conveniently situated near public transportation and local attractions.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,410,000
  • Units: 2
  • Price Per Unit: $705,000
  • Market: Jersey City

The transaction was facilitated by Andrea Welsh and Tom Misuraca, both representing Keller Williams City Life Realty. They played a crucial role in the deal, managing the complexities of the property transaction.

Players

Tom Misuraca

Keller Williams Realty

Broker

$30.7M

vol

13 deals

Broker

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

11.25%

Cash-on-Cash

-3.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93