SOLDMultiFamily
186 Columbia, LLC Sells Jersey City Multifamily Asset For $925,000 With Edward Munoz And Francesco Mazzaferro
186 Columbia Avenue
$925,000
$381/SF
Building Size
2,424 SF
Asset Type
MultiFamily
Closing
Jul 15, 2022
AI
The property involved in this transaction is a multifamily asset located at 186 Columbia Ave in Jersey City, comprising 2 units. The sale price was $925,000, with a price per unit of $462,500. The total square footage of the property is 2,424, resulting in a price per square foot of $382.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $925,000
- Units: 2
- Price per Unit: $462,500
- Square Footage: 2,424
- Price per Square Foot: $382
- Seller: 186 Columbia, LLC
- Buyer's Representative: Edward Munoz - Keller Williams City Life Jersey City
- Seller's Representative: Francesco Mazzaferro - Christie's International Real Estate New Jersey
Edward Munoz, representing the buyer, is affiliated with Keller Williams City Life Jersey City. The seller, 186 Columbia, LLC, was represented by Francesco Mazzaferro from Christie's International Real Estate New Jersey.
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
17.15%
Cash-on-Cash
-4.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93