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
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.
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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