Diana Sutherlin Acquires Jersey City Multifamily For $2.775M
SOLD
$2,775,000
New Jersey
See Similar DealsMultiFamily3,033 SF
Sold 06/14/2020
SOLD
Diana Sutherlin Acquires Jersey City Multifamily For $2.775M
162 Mercer Street, Jersey City, NJ, USA
See Similar DealsMultiFamily3,033 SF
Sold 06/14/2020
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$914
Total Square Footage:3,033 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$148,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,858.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,154.92
Annual Debt Service$157,858.99
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