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
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