SOLDMultiFamily
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
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.
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93