Keller Williams City Life Realty Represents Sale Of Multifamily Property In Jersey City
SOLD
$1,250,000
New Jersey
See Similar DealsMultiFamily2,750 SF
Sold 06/01/2020
SOLD
Keller Williams City Life Realty Represents Sale Of Multifamily Property In Jersey City
225 Montgomery St, Jersey City, NJ, USA
See Similar DealsMultiFamily2,750 SF
Sold 06/01/2020
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$454
Total Square Footage:2,750 SF
Transaction Type:Sale
The multifamily property located at 225 Montgomery St in Jersey City was recently sold for $1,250,000. The sale was completed on 06/01/2021 and the property spans 2,750 square feet. With a price per square foot of $455, this transaction represents a significant investment in the Jersey City real estate market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 225 Montgomery St, Jersey City
- Date: 06/01/2021
- Market: Jersey City
The sale of this multifamily property was brokered by David Bistany from Keller Williams City Life Realty. His expertise and representation were instrumental in closing the deal successfully.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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