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166 Steuben St, Jersey City...

Jose Perez Of Howard Hanna Rand Realty Sells Multifamily Property In Jersey City For $1.6M
SOLDMultiFamily

Jose Perez Of Howard Hanna Rand Realty Sells Multifamily Property In Jersey City For $1.6M

166 Steuben St, Jersey City, NJ, USA

$1,600,000

$1,435/SF

Building Size

1,115 SF

Asset Type

MultiFamily

Closing

May 9, 2021

AI

A multifamily property located at 166 Steuben St in Jersey City has been sold for $1,600,000. The sale took place on May 10, 2021. The property was listed by Jose Perez from Howard Hanna Rand Realty.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,600,000
  • Market: Jersey City
  • Date: 05/10/2021
  • Broker: Jose Perez - Howard Hanna Rand Realty

This sale marks the successful transaction of the multifamily property at 166 Steuben St in Jersey City. Both the buyer and seller were represented by Jose Perez from Howard Hanna Rand Realty. The sale price of $1,600,000 reflects the value of the property in the current market.

Players

Jose Perez

Broker

$2.4M

vol

2 deals

Broker

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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93