Justin Braverman Of Keller Williams Represents Buyer In $2.15 Million Jersey City Multifamily Sale
185 Montgomery Street
$2,150,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 9, 2024
AI
The multi-family property at 185 Montgomery Street in Jersey City sold for $2.15 million. Renovated in 2020, it features modern amenities, advanced security systems, high-speed internet, and optional storage units. These enhancements offer potential for additional revenue and aim to provide a high standard of living.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Address: 185 Montgomery Street
- Market: Jersey City
- Buyer's Representative: Justin Braverman - Keller Williams
- Seller's Representative: Corrado Giancaspro - Liberty Realty
Justin Braverman from Keller Williams represented the buyer, while Corrado Giancaspro from Liberty Realty represented the seller in this transaction. This deal reflects the collaborative efforts of both representatives to navigate the complexities involved in closing the sale of this property.
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93