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205 Duncan Avenue

Updated Dec 4, 2024

Cuc Luong Sells 6-Unit Multifamily In Jersey City For $1.15M
SOLDMultiFamily

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

Cuc Luong

Keller Williams Realty

Broker

$4.1M

vol

3 deals

Broker

Jersey City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $191.7K per unit across 6 units on a published $1.2M (2024).

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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

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