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
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