Updated Dec 4, 2024
Multifamily Property In Jersey City Sold For $1.23M With Geza Gulas - Prominent Properties Sotheby's Int'l Realty
224 3rd Street
$1,230,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 24, 2024
About this deal
AI
224 3rd Street, a multifamily property located in Jersey City, was recently sold for a total of $1,230,000. The property, situated in the bustling Jersey City market, offers a prime investment opportunity for buyers looking to venture into the multifamily sector. The transaction, facilitated by Geza Gulas of Prominent Properties Sotheby's International Realty, showcases the continued growth and demand for multifamily properties in the area.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,230,000
- Address: 224 3rd Street
- Market: Jersey City
Geza Gulas, a reputable broker from Prominent Properties Sotheby's International Realty, played a crucial role in the successful sale of 224 3rd Street. Known for their expertise and extensive network, Geza Gulas assisted both the buyer and seller in navigating the complexities of the transaction, ensuring a seamless experience for all parties involved.
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
12.90%
Cash-on-Cash
-3.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93