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
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