Updated Sep 9, 2024
Keller Williams City Life JC Realty Acquires Multifamily Property In Jersey City, NJ For $1.35M
18 Mercer St, Jersey City, NJ, USA
$1,350,000
$2,250/SF
Building Size
600 SF
Asset Type
MultiFamily
Closing
Sep 17, 2021
About this deal
AI
A multifamily property located at 18 1/2 Mercer St in Jersey City, NJ has been sold for a price of $1,350,000. The sale took place on September 17, 2021. The property was listed by Sherif Fanous from RE/MAX Villa, Realtors, and the buyer was represented by Alexander Bush from Keller Williams City Life JC Realty.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 18 1/2 Mercer St, Jersey City, NJ
- Market: Jersey City, NJ
The sale of this multifamily property marks an important transaction in the Jersey City real estate market. Sherif Fanous from RE/MAX Villa, Realtors, played a significant role as the seller's representative, while Alexander Bush from Keller Williams City Life JC Realty ensured a smooth buying process for the buyer.
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93