Coldwell Banker Realty Sells Multifamily Property In Jersey City For $2.075M
SOLD
$2,075,000
New Jersey
See Similar DealsMultiFamily
Sold 12/29/2021
SOLD
Coldwell Banker Realty Sells Multifamily Property In Jersey City For $2.075M
211 1st Street, Jersey City, New Jersey 07302, United States
See Similar DealsMultiFamily
Sold 12/29/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 211 1ST St in Jersey City has been sold for $2,075,000. The property consists of 4 units, with a price per unit (PPU) of $518,750. The sale was facilitated by Jill Biggs of Coldwell Banker Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,075,000
- Units: 4
- Price Per Unit: $518,750
- Broker: Jill Biggs - Coldwell Banker Realty
Jill Biggs from Coldwell Banker Realty played a key role in representing the parties involved in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$110,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,372.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,836.56
Annual Debt Service$118,038.70
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