facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Multifamily

/

Sale

/

222 Christopher Columbus Drive

Song Zhang Of Alpha Metro Realty Represents Buyer In $1.16M Multifamily Sale In Jersey City
SOLDMultiFamily

Song Zhang Of Alpha Metro Realty Represents Buyer In $1.16M Multifamily Sale In Jersey City

222 Christopher Columbus Drive

$1,160,000

Building Size

Asset Type

MultiFamily

Closing

Sep 6, 2024

AI

The multifamily property located at 222 Christopher Columbus Drive in Jersey City features 5 bedrooms, 2.5 baths, and 2 parking spaces. The property sold for $1,160,000, reflecting a price per unit of $580,000. This 2-family townhome presents potential for customization and investment, situated in a prime downtown location.

Summary of transaction details:

Song Zhang from Alpha Metro Realty represented the buyer, providing insights into the market that facilitated this transaction. Samuel Lin of Coldwell Banker represented the seller, playing a crucial role in highlighting the value of the property during the sales process.

Players

Samuel Lin

Coldwell Banker

Broker

$1.2M

vol

1 deal

Broker

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

13.68%

Cash-on-Cash

-3.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93