facebook
Traded Co logo
Submit
Daily limit: 0/10

Justin Braverman Of Keller Williams Represents Buyer In $2.15 Million Jersey City Multifamily Sale

Property Image
SOLD
$2,150,000
Justin Braverman
Corrado Giancaspro

New Jersey

See Similar Deals
MultiFamily
Sold 08/09/2024
the dealplayerscompscontact
Property Image
SOLD

Justin Braverman Of Keller Williams Represents Buyer In $2.15 Million Jersey City Multifamily Sale

185 Montgomery Street

See Similar Deals
MultiFamily
Sold 08/09/2024
Justin Braverman
Corrado Giancaspro
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

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:

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

Justin Braverman
Keller Williams Realty
Justin Braverman
2 deals$3.2M volume(732) 354-9029
BROKER
Corrado Giancaspro
Liberty Realty
Corrado Giancaspro
1 deal$2.2M volume
BROKER

Details

SOLD
IMAGE: Justin Braverman & Corrado Giancaspro DATE: 08/09/2024 ADDRESS: 185 Montgomery Street MARKET: Jersey City ASSET TYPE: Multifamily BUYER'S REP: Justin Braverman (@Justin_Braverman) - Keller Williams (@KellerWilliamsRealty) SELLER'S REP: Corrado Giancaspro (@Corrado__Giancaspro) - Liberty Realty (@LibertyRealty) SALE PRICE: $2,150,000 NOTE: 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, and added conveniences like high-speed internet and optional storage units, offering potential for additional revenue and a high standard of living.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$114,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,638.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,192.10
Annual Debt Service$122,305.16