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232 1/2 6th St, Jersey City...

Jill Biggs Sells Multifamily Property In Jersey City For $1.2M
SOLDMultiFamily

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

Jill Biggs

Coldwell Banker

Broker

$51.2M

vol

29 deals

Broker

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