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20 Bleecker St, Jersey City...

Premier Brokers Real Estate Acquires Multifamily Property In Jersey City For $1.27M
SOLDMultiFamily

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

Michael Dibi

Broker

$3.2M

vol

2 deals

Broker

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