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

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SOLD
$1,800,000

New Jersey

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MultiFamily
Sold 06/14/2024
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SOLD

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

210 7th Street

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MultiFamily
Sold 06/14/2024
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

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
6 deals$10.9M volume
BROKER

Kelly Gallagher
The Corcoran Group
1 deal$1.8M volume(201) 744-4750
BROKER

Details

SOLD
IMAGE: Kelly Gallagher & Leda Duif DATE: 06/14/2024 ADDRESS: 210 7th Street MARKET: Jersey City ASSET TYPE: Multifamily BROKERS: Kelly Gallagher & Leda Duif (@DwellingswithLeda) - Corcoran Sawyer Smith (@CorcoranSawyerSmith) SALE PRICE: $1,800,000 NOTE: 210 7th Street in Jersey City, a multifamily property, has been sold with representation by Kelly Gallagher and Leda Duif of The Corcoran Group. The property features a blend of original charm and modern updates, including hardwood floors, fireplaces, and a chef’s kitchen, as well as updated plumbing, electric, and appliances, offering amenities such as garage parking at a resident discount and proximity to transportation, schools, and dining options.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02