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210 7th Street

Kelly Gallagher & Leda Duif Sell Multifamily Property In Jersey City For $1.8M
SOLDMultiFamily

Kelly Gallagher & Leda Duif Sell Multifamily Property In Jersey City For $1.8M

210 7th Street

$1,800,000

Building Size

Asset Type

MultiFamily

Closing

Jun 14, 2024

AI

210 7th Street in Jersey City, a multifamily property, has been sold for $1,800,000. The property boasts a blend of original charm and modern updates, featuring hardwood floors, fireplaces, and a chef’s kitchen. Additionally, it offers updated plumbing, electric, and appliances, along with amenities such as garage parking at a resident discount and easy access to transportation, schools, and dining options.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,800,000
  • Address: 210 7th Street
  • Market: Jersey City

Kelly Gallagher and Leda Duif of The Corcoran Group represented the sale of 210 7th Street. The property showcases a seamless integration of classic elements and modern conveniences, providing a comfortable living environment for its future occupants. With a convenient location and a range of amenities, this transaction highlights the value of the property in the real estate market.

Players

Leda Duif

The Corcoran Group

Broker

$10.9M

vol

6 deals

Broker

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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93