Jill Biggs Sells Multifamily Property In Jersey City For $1.2M
232 1/2 6th St, Jersey City, New Jersey 07302, United States
$1,200,000
$591/SF
Building Size
2,028 SF
Asset Type
MultiFamily
Closing
Dec 10, 2021
AI
An undisclosed property in Jersey City has recently been sold in a closed transaction. With the help of Jill Biggs from Coldwell Banker Realty, the property located at 232 1/2 6th St, Jersey City, was successfully sold for a total of $1,200,000. This multifamily property consists of 3 units, with a price per unit (PPU) of $400,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 232 1/2 6th St, Jersey City
- Market: Jersey City
- Units: 3
- Price Per Unit (PPU): $400,000
Jill Biggs from Coldwell Banker Realty played a key role as the broker in this transaction. Her expertise and assistance ensured a successful sale of this multifamily property.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93