SOLDMultiFamily
Jersey City Multifamily Acquired For $1.61M By Diane Rivera - CENTURY 21 Preferred Realty
196 5th Street, Jersey City, New Jersey 07302, United States
$1,610,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 29, 2022
AI
A multifamily property located at 196 5th St in Jersey City has been sold for $1,610,000. The transaction took place on March 30, 2022. The property is situated in the Jersey City market and was listed for sale.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,610,000
- Date: 03/30/2022
- Address: 196 5th St
- Market: Jersey City
Diane Rivera of CENTURY 21 Preferred Realty, Inc. served as the broker for this 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
9.85%
Cash-on-Cash
-2.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93