Keller Williams Realty Brokers Facilitate $2M Multifamily Sale In Jersey City
SOLD
$2,000,000
New Jersey
See Similar DealsMultiFamily4,660 SF
Sold 09/20/2022
SOLD
Keller Williams Realty Brokers Facilitate $2M Multifamily Sale In Jersey City
217 1st Street
See Similar DealsMultiFamily4,660 SF
Sold 09/20/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$429
Total Square Footage:4,660 SF
Transaction Type:Sale
A multifamily property located at 217 1st Street in Jersey City has been sold for $2,000,000. The property consists of 4 units, with an average price per unit of $500,000. This multifamily asset spans a total area of 4,660 square feet, resulting in a price per square foot of $429.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Units: 4
- Price per Unit: $500,000
- Square Footage: 4,660
- Price per Square Foot: $429
The sale of this multifamily property was facilitated by Tom Misuraca & James Conticello of Keller Williams Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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