Jersey City Multifamily Sold For $1.9M With Buyer's Rep Leda Duif And Seller's Rep Marge Crimmins
217 7th Street, Jersey City, NJ, USA
$1,925,000
$884/SF
Building Size
2,177 SF
Asset Type
MultiFamily
Closing
Jul 2, 2020
AI
Located at 217 7th St, this multifamily property in Jersey City was recently sold in a closed transaction. The sale took place on July 2, 2021, with a sale price of $1,925,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,925,000
- Market: Jersey City
The buyer's representative in this transaction was Leda Duif from Sawyer Smith Residential Brokerage. On the seller's side, Marge Crimmins represented Century 21 Preferred Realty Inc.
With the property located in the bustling market of Jersey City, this sale highlights the continued demand for multifamily properties in the area.
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
8.24%
Cash-on-Cash
-2.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93