Keller Williams City Life Realty Represents Sale Of Multifamily Property In Jersey City
225 Montgomery St, Jersey City, NJ, USA
$1,250,000
$454/SF
Building Size
2,750 SF
Asset Type
MultiFamily
Closing
Jun 1, 2020
AI
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.
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93