Prime Real Estate Group Acquires Multifamily Property In Jersey City For $1,085,500
202 New York Avenue, Jersey City, NJ 07307
$1,085,500
$638/SF
Building Size
1,700 SF
Asset Type
MultiFamily
Closing
May 6, 2021
AI
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.
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
14.61%
Cash-on-Cash
-4.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93