Updated Dec 19, 2023
Aleshia Jijon Acquires Multifamily Property In Jersey City For $1.5M
1631 John F. Kennedy Boulevard, Jersey City, NJ 07305, USA
$1,500,000
$469/SF
Building Size
3,193 SF
Asset Type
MultiFamily
Closing
Jun 3, 2020
About this deal
AI
An off-market multifamily property located at 1631 John F Kennedy Blvd in Jersey City has been sold. The property consists of 7 units and was sold at the asking price of $1,500,000. The sale price matches the asking price, resulting in a per unit price of $214,286. The property has a cap rate of 6.5%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Units: 7
- Price Per Unit: $214,286
- Cap Rate: 6.5%
Aleshia Jijon from Coldwell Banker Realty acted as the broker for this deal. For more off-market opportunities, you can contact Aleshia Jijon at the following details:
- Agency: Coldwell Banker Realty
- Office: (201) 567-7788
- Direct: (201) 647-5153
- Email: [email protected]
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93