Prime Real Estate Group Sells 4-Unit Multifamily Property In Jersey City For $1.25M, Represented By Adam Bickoff And Paul Bryant
190 Congress Street, Jersey City, NJ 07307
$1,250,000
$500/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Jun 15, 2020
AI
A multifamily property located at 190 Congress St in Jersey City has been sold for a price of $1,250,000. The transaction took place on June 15, 2021. The property consists of 4 units, with a price per unit of $312,500. The asset was sold by Adam Bickoff and Paul Bryant of Prime Real Estate Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Units: 4
- Price Per Unit: $312,500
The sale of the property at 190 Congress St was facilitated by Adam Bickoff and Paul Bryant, brokers from Prime Real Estate Group. Their expertise and knowledge in the Jersey City market played a significant role in the successful transaction.
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93