Weichert Realtors Acquires Multifamily Property In Jersey City For $1.25M
21 Sherman Place, Jersey City, NJ 07307
$1,250,000
$246/SF
Building Size
5,075 SF
Asset Type
MultiFamily
Closing
May 11, 2020
AI
A multifamily property located at 21 Sherman Pl in Jersey City, NJ has been sold for $1,250,000. This property consists of 3 units, resulting in a price per unit (PPU) of $416,667. The sale took place on 05/11/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 21 Sherman Pl, Jersey City, NJ
- Units: 3
- PPU: $416,667
The buyer of this property was represented by Deborah Murtagh from Weichert Realtors, while the seller was represented by Paul Amatuzzo from Armagno Agency Inc.
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93