Updated Dec 20, 2023
Continental Real Estate Group Facilitates $1.97M Sale Of Multifamily Property In Jersey City
219 1st Street, Jersey City, New Jersey 07302, United States
$1,967,000
Units
4
Asset Type
MultiFamily
Closing
Aug 28, 2022
About this deal
AI
A multifamily property located at 219 1st St in Jersey City has been sold for a total price of $1,967,000. The property consists of four units, with an average price per unit of $491,750.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,967,000
- Units: 4
- Price Per Unit: $491,750
The sale was facilitated by broker Derek Eisenberg from Continental Real Estate Group, Inc.
The multifamily sale at 219 1st Street, Jersey City, New Jersey 07302, United States in Jersey City, New Jersey sold for $2M in 2022. Reported inventory is 4 units across 4 units. Named participants on the 219 1st Street, Jersey City, New Jersey 07302, United States sale are Derek Eisenberg. This page is the Jersey City, New Jersey file for the 219 1st Street, Jersey City, New Jersey 07302, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Jersey City sit in the Market section below. Filter that Jersey City multifamily set by closing date to see what else sold near 219 1st Street, Jersey City, New Jersey 07302, United States around 2022. Published consideration for 219 1st Street, Jersey City, New Jersey 07302, United States is $2M, dated 2022. Cite this Continental Real Estate Group Facilitates $1.97M Sale Of Multifamily Property In Jersey City sale when underwriting similar multifamily product around Jersey City, New Jersey.
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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
8.06%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93