Weichert Realtors Acquires Multifamily Property In Jersey City For $1.25M
SOLD
$1,250,000
New Jersey
See Similar DealsMultiFamily5,075 SF
Sold 05/11/2020
SOLD
Weichert Realtors Acquires Multifamily Property In Jersey City For $1.25M
21 Sherman Place, Jersey City, NJ 07307
See Similar DealsMultiFamily5,075 SF
Sold 05/11/2020
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$246
Total Square Footage:5,075 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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