Keller Williams City Life Realty Acquires Multifamily Property In Jersey City For $2.3M
SOLD
$2,300,000
New Jersey
See Similar DealsMultiFamily2,169 SF
Sold 06/23/2020
SOLD
Keller Williams City Life Realty Acquires Multifamily Property In Jersey City For $2.3M
215 1st Street, Jersey City, NJ 07302, USA
See Similar DealsMultiFamily2,169 SF
Sold 06/23/2020
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$1,060
Total Square Footage:2,169 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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