Updated Sep 5, 2024
Jill Biggs & Erin Downs Sell Multifamily Property In Jersey City For $1.26M
235 Montgomery Street, Jersey City, NJ, USA
$1,258,000
$629/SF
Building Size
1,999 SF
Asset Type
MultiFamily
Closing
Jan 3, 2021
About this deal
AI
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.
The multifamily sale at 235 Montgomery Street, Jersey City, NJ, USA in Jersey City, New Jersey sold for $1.3M in 2021. The building is 1,999 square feet, implying about 629 per square foot on the published price. Erin Downs, Jill Biggs, Lifestyle International Realty, Coldwell Banker appear on the sale alongside Lifestyle International Realty, Coldwell Banker. This page is the Jersey City, New Jersey file for the 235 Montgomery Street, Jersey City, NJ, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Jersey City sit in the Market section below. Filter that Jersey City multifamily set by closing date to see what else sold near 235 Montgomery Street, Jersey City, NJ, USA around 2021. Published consideration for 235 Montgomery Street, Jersey City, NJ, USA is $1.3M, dated 2021. Cite this Jill Biggs & Erin Downs Sell Multifamily Property In Jersey City For $1.26M sale when underwriting similar multifamily product around Jersey City, New Jersey.
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Erin Downs to view all their deals.
Browse New Jersey multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.61%
Cash-on-Cash
-3.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93