Updated Sep 9, 2024
Gina Seo Sells Multifamily Property In Palisades Park, NJ For $1.45M
213 7th Street, Jersey City, NJ 07302, USA
$1,450,000
$1,438/SF
Building Size
1,008 SF
Asset Type
MultiFamily
Closing
Sep 2, 2021
About this deal
AI
A multifamily property located at 213 7th St in Palisades Park, NJ has been sold for $1,450,000. The property consists of 2 units, with a price per unit of $725,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Units: 2
- Price Per Unit: $725,000
The sale was facilitated by Gina Seo from Kaymax Realty, Inc.
The multifamily sale at 213 7th Street, Jersey City, NJ 07302, USA in Jersey City, New Jersey sold for $1.5M in 2021. Reported inventory is 1,008 square feet across 2 units, or about 1.4K per square foot. Gina Seo, Kaymax Realty appear on the sale alongside Kaymax Realty. This page is the Jersey City, New Jersey file for the 213 7th Street, Jersey City, NJ 07302, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Jersey City sit in the Market section below. Filter that Jersey City multifamily set by closing date to see what else sold near 213 7th Street, Jersey City, NJ 07302, USA around 2021. Published consideration for 213 7th Street, Jersey City, NJ 07302, USA is $1.5M, dated 2021. Cite this Gina Seo Sells Multifamily Property In Palisades Park, NJ For $1.45M sale when underwriting similar multifamily product around Jersey City, New Jersey.
On the Map
$1,450,000
$1,438/SF
MultiFamily
View full map
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Gina Seo to view all their deals.
Browse New Jersey multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93