David Fernandez Acquires Multifamily Property In Jersey City For $950,000
SOLD
$950,000
New Jersey
See Similar DealsMultiFamily2,028 SF
Sold 05/18/2021
SOLD
David Fernandez Acquires Multifamily Property In Jersey City For $950,000
19 Erie Street, Jersey City, NJ 07302
See Similar DealsMultiFamily2,028 SF
Sold 05/18/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$468
Total Square Footage:2,028 SF
Transaction Type:Sale
A multifamily property located at 19 Erie St in Jersey City, NJ has been sold for $950,000. The property spans 2,028 square feet, resulting in a price per square foot of $468. The sale took place on 05/18/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $950,000
- Date: 05/18/2021
- Address: 19 Erie St, Jersey City, NJ
- Market: Jersey City, NJ
The buyer of the property is David Fernandez, who is represented by Allen Walton from Allen Walton Realty. The seller of the property is Irene Weber.
For off-market deals similar to this one, reach out to Allen Walton via @Allenmwalton.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$50,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,375.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,503.48
Annual Debt Service$54,041.82
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