Jill Biggs Sells Multifamily Property In Jersey City For $1.2M
SOLD
$1,200,000
New Jersey
See Similar DealsMultiFamily2,028 SF
Sold 12/10/2021
SOLD
Jill Biggs Sells Multifamily Property In Jersey City For $1.2M
232 1/2 6th St, Jersey City, New Jersey 07302, United States
See Similar DealsMultiFamily2,028 SF
Sold 12/10/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$591
Total Square Footage:2,028 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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