Updated Sep 9, 2024
Sawyer Smith Residential Brokerage Facilitates $1.5M Sale Of Multifamily Property In Jersey City
18 Bryant Avenue, Jersey City, NJ 07306, USA
$1,500,000
$576/SF
Building Size
2,601 SF
Asset Type
MultiFamily
Closing
Jul 9, 2020
About this deal
AI
The multifamily property located at 18 Bryant Ave in Jersey City, NJ was recently sold for $1,500,000. The sale took place on July 9, 2021, and the transaction was facilitated by broker Megan Gulick from Sawyer Smith Residential Brokerage.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 18 Bryant Ave, Jersey City, NJ
- Market: Jersey City, NJ
Megan Gulick from Sawyer Smith Residential Brokerage represented the parties involved in the sale of this multifamily property at 18 Bryant Ave. Their expertise and guidance played a crucial role in the successful completion of the transaction.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93