Wesley Tse Acquires Multifamily Property On Christopher Columbus Dr In Jersey City For $1.19M
SOLD
$1,190,000
New Jersey
See Similar DealsMultiFamily2,157 SF
Sold 07/23/2020
SOLD
Wesley Tse Acquires Multifamily Property On Christopher Columbus Dr In Jersey City For $1.19M
236 Christopher Columbus Drive, Jersey City, NJ 07302
See Similar DealsMultiFamily2,157 SF
Sold 07/23/2020
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$551
Total Square Footage:2,157 SF
Transaction Type:Sale
The multifamily property located at 236 Christopher Columbus Dr in Jersey City, NJ has been sold for a price of $1,190,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,190,000
- Market: Jersey City, NJ
Wesley Tse from Trompeter Real Estate represented the buyer in this transaction, while Carmine Simmons 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)
$63,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,227.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,641.21
Annual Debt Service$67,694.49
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