Multifamily Property At 175 Van Winkle Avenue Sold For $1.248M In Jersey City
SOLD
$1,248,360
New Jersey
See Similar DealsMultiFamily2,703 SF
Sold 09/06/2024
SOLD
Multifamily Property At 175 Van Winkle Avenue Sold For $1.248M In Jersey City
175 Van Winkle Avenue
See Similar DealsMultiFamily2,703 SF
Sold 09/06/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$461
Total Square Footage:2,703 SF
Transaction Type:Sale
The property asset involved in the transaction is a multifamily building located at 175 Van Winkle Avenue in Jersey City. It was sold for $1,248,360 with an asking price of $1,050,000. The property encompasses a total of 2,703 square feet and consists of 3 units, resulting in a price per unit of $416,120 and a price per square foot of $461.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,248,360
- Asking Price: $1,050,000
- Units: 3
- Total Square Footage: 2,703
- Price per Unit: $416,120
- Price per Square Foot: $461
The transaction was facilitated by broker Reyes Cartagena from NextHome Prime, representing the parties involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,579.19
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,435.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,917.86
Annual Debt Service$71,014.36
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