Updated Feb 13, 2025
Solomon Halberstam Of Capital Realty Associates Sells Jersey City Multifamily For $2.35M
175 Congress Street, Jersey City, New Jersey 07307, United States
$2,350,000
$1,305/SF
Building Size
1,800 SF
Asset Type
MultiFamily
Closing
Feb 1, 2022
About this deal
AI
The recently closed property transaction involves a multifamily asset located at 175 Congress Street and 54 Montrose Avenue in Jersey City, NJ. The property consists of 12 units, with an average price per unit of $195,833. The total sale price for this transaction was $2,350,000. The property spans approximately 1,800 square feet, with an average price per square foot of $1,306.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,350,000
- Units: 12
- Price per Unit: $195,833
- Square Footage: 1,800
- Price per Square Foot: $1,306
The transaction was facilitated by Solomon Halberstam from Capital Realty Associates. Their expertise and representation were instrumental in the successful completion of this deal.
On the Map
$2,350,000
$1,305/SF
MultiFamily
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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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93