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
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