Prime Real Estate Group Acquires Multifamily Property In Jersey City For $1,085,500
SOLD
$1,085,500
New Jersey
See Similar DealsMultiFamily1,700 SF
Sold 05/07/2021
SOLD
Prime Real Estate Group Acquires Multifamily Property In Jersey City For $1,085,500
202 New York Avenue, Jersey City, NJ 07307
See Similar DealsMultiFamily1,700 SF
Sold 05/07/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$638
Total Square Footage:1,700 SF
Transaction Type:Sale
202 New York Ave in Jersey City has been sold for a price of $1,085,500. The property is a multifamily asset, but no additional information about its characteristics, such as square footage or market value, is available.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,085,500
- Buyer's Representative: Paul Bryant - Prime Real Estate Group
- Seller's Representative: Andrea Welsh - Keller Williams City Life Realty
The buyer in this transaction was represented by Paul Bryant from Prime Real Estate Group, while the seller was represented by Andrea Welsh from Keller Williams City Life Realty.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$57,893.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,856.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,145.82
Annual Debt Service$61,749.89
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