Keller Williams City Life Realty Acquires Multifamily Property In Jersey City For $2.3M
215 1st Street, Jersey City, NJ 07302, USA
$2,300,000
$1,060/SF
Building Size
2,169 SF
Asset Type
MultiFamily
Closing
Jun 23, 2020
AI
Located at 215 1st St in Jersey City, this recently sold property is a multifamily asset. The transaction took place on June 23, 2021, and the sale was facilitated by Thomas Misuraca from Keller Williams City Life Realty, who represented the buyer, and Derek Eisenberg from Continental Real Estate Group, who represented the seller. The property was sold for a total price of $2,300,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Address: 215 1st St, Jersey City
- Date: June 23, 2021
- Buyer's Rep: Thomas Misuraca - Keller Williams City Life Realty
- Seller's Rep: Derek Eisenberg - Continental Real Estate Group
This successful deal involved Thomas Misuraca from Keller Williams City Life Realty representing the buyer and Derek Eisenberg from Continental Real Estate Group representing the seller. Both parties played essential roles in the transaction, ensuring a smooth and satisfactory process for all involved.
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93