Premier Brokers Real Estate Acquires Multifamily Property In Jersey City For $1.27M
20 Bleecker St, Jersey City, NJ, USA
$1,270,000
$508/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Apr 15, 2021
AI
Located at 20 Bleecker St in Jersey City, this recently closed multifamily property offers an exciting investment opportunity. The property comprises 2 units, with each unit priced at approximately $635,000. The total sale price for the property was $1,270,000, indicating a successful transaction.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,270,000
Representing the buyer in this deal, Michael Dibi of Premier Brokers Real Estate LLC played a crucial role in ensuring a smooth transaction. On the other side, Marcus Pinto from Compass New Jersey, LLC acted as the seller's representative, showcasing their commitment to providing exceptional service in the real estate industry.
This successful transaction showcases the expertise of Michael Dibi and Marcus Pinto, who played pivotal roles in facilitating the sale of this multifamily property. Their expertise and knowledge of the Jersey City market were instrumental in achieving a favorable outcome for both the buyer and the seller.
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
12.49%
Cash-on-Cash
-3.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93