Updated Dec 21, 2023
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
About this deal
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.
On the Map
$1,250,000
$246/SF
MultiFamily
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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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93