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217 7th Street, Jersey City...

Jersey City Multifamily Sold For $1.9M With Buyer's Rep Leda Duif And Seller's Rep Marge Crimmins
SOLDMultiFamily

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

Leda Duif

The Corcoran Group

Broker

$10.9M

vol

6 deals

Broker

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