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185 Montgomery Street

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

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:

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

Broker

$3.2M

vol

2 deals

Broker

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