Updated Sep 5, 2024
Weichert Realtors Acquires Multifamily Property In Jersey City For $1.35M
230 Bay St, Jersey City, NJ, USA
$1,350,000
$540/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Mar 16, 2021
About this deal
AI
230 Bay St, Jersey City, is a multifamily property that was sold on 03/17/2021 for a price of $1,350,000. The property consists of 3 units, with a price per unit (PPU) of $450,000. The transaction was facilitated by Geza Gulas from Weichert Realtors, representing the buyer, and Sharon Robinson from Silver & Oak Realty, LLC, representing the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Units: 3
- PPU: $450,000
- Buyer's Rep: Geza Gulas - Weichert Realtors
- Seller's Rep: Sharon Robinson - Silver & Oak Realty, LLC
Geza Gulas from Weichert Realtors represented the buyer in this transaction, while Sharon Robinson from Silver & Oak Realty, LLC represented the seller. The deal showcased the expertise and negotiation skills of these two professionals.
Players
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93