Jill Biggs & Erin Downs Sell Multifamily Property In Jersey City For $1.26M
SOLD
$1,258,000
New Jersey
See Similar DealsMultiFamily1,999 SF
Sold 01/04/2021
SOLD
Jill Biggs & Erin Downs Sell Multifamily Property In Jersey City For $1.26M
235 Montgomery Street, Jersey City, NJ, USA
See Similar DealsMultiFamily1,999 SF
Sold 01/04/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$629
Total Square Footage:1,999 SF
Transaction Type:Sale
A multifamily property located at 235 Montgomery Street in Jersey City was recently sold for a price of $1,258,000. The transaction took place on January 4, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,258,000
- Address: 235 Montgomery Street, Jersey City
Jill Biggs from Coldwell Banker Residential Brokerage represented the buyer in this sale, while Erin Downs from Keller Williams City Life JC Realty represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,093.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,469.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,963.56
Annual Debt Service$71,562.74
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