SOLDMultiFamily
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
Building Size
—
Asset Type
MultiFamily
Closing
Aug 28, 2022
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.
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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