Updated Dec 4, 2024
Cuc Luong Sells 6-Unit Multifamily In Jersey City For $1.15M
205 Duncan Avenue
$1,150,000
Units
6
Asset Type
MultiFamily
Closing
Jun 27, 2024
About this deal
AI
205 Duncan Avenue, a 6-unit apartment building in Jersey City's Journal Square area, was sold for $1,150,000. The property, located on a spacious lot near Lincoln Park and various amenities, offers potential for rental income or conversion to condos in a rapidly developing neighborhood close to New York City.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $1,150,000
- Units: 6
- Price Per Unit: $191,667
- Address: 205 Duncan Avenue
- Market: Jersey City
- Broker: Cuc Luong - Keller Williams City Life JC Realty
205 Duncan Avenue in Jersey City was transacted by Cuc Luong of Keller Williams City Life JC Realty, representing the deal as the broker.
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93