Coldwell Banker Realty Sells Multifamily Property In Jersey City For $2.075M
211 1st Street, Jersey City, New Jersey 07302, United States
$2,075,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 28, 2021
AI
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.
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.64%
Cash-on-Cash
-2.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93