SOLDMultiFamily
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
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.
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