David Fernandez Acquires Multifamily Property In Jersey City For $950,000
19 Erie Street, Jersey City, NJ 07302
$950,000
$468/SF
Building Size
2,028 SF
Asset Type
MultiFamily
Closing
May 17, 2021
AI
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.
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
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93