Updated Dec 20, 2023
Samir Kapadia Acquires Multifamily Property On Hutton St. In Jersey City For $950K
167 Hutton Street
$950,000
$351/SF
Building Size
2,701 SF
Asset Type
MultiFamily
Closing
Jan 5, 2022
About this deal
AI
A multifamily property located at 167 Hutton St. in Jersey City, NJ has been sold in a closed transaction. The property consists of 2 units spanning a total area of 2,701 square feet. The sale took place on January 5, 2022, with an asking price of $1,199,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $950,000
- Units: 2
- Price per Unit: $475,000
- Square Footage: 2,701
- Price per Square Foot: $352
The buyer in this transaction is Samir Kapadia, while the seller is John Meleo. Daniel Mendez from Conley Realty Luxury Brokerage represented the buyer as their broker representative.
Note: No additional information is available about the property or the deal.
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
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93