Updated Dec 19, 2023
Diana Sutherlin Acquires Jersey City Multifamily For $2.775M
162 Mercer Street, Jersey City, NJ, USA
$2,775,000
$914/SF
Building Size
3,033 SF
Asset Type
MultiFamily
Closing
Jun 14, 2020
About this deal
AI
The multifamily property located at 162 Mercer St in Jersey City has been sold for $2,775,000. The transaction took place on June 14, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,775,000
- Address: 162 Mercer St
- Market: Jersey City
Diana Sutherlin from Keller Williams City Life Realty represented the buyer in this transaction. Jill Biggs, from Coldwell Banker Realty, acted as the seller's representative.
The multifamily sale at 162 Mercer Street, Jersey City, NJ, USA in Jersey City, New Jersey sold for $2.8M in 2020. The building is 3,033 square feet, implying about 914 per square foot on the published price. Diana Sutherlin, Jill Biggs, Coldwell Banker, Compass appear on the sale alongside Coldwell Banker, Compass. This page is the Jersey City, New Jersey file for the 162 Mercer Street, Jersey City, NJ, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Jersey City sit in the Market section below. Filter that Jersey City multifamily set by closing date to see what else sold near 162 Mercer Street, Jersey City, NJ, USA around 2020. Published consideration for 162 Mercer Street, Jersey City, NJ, USA is $2.8M, dated 2020. Cite this Diana Sutherlin Acquires Jersey City Multifamily For $2.775M sale when underwriting similar multifamily product around Jersey City, New Jersey.
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
5.72%
Cash-on-Cash
-1.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93