SOLDMultiFamily
Wesley Tse Acquires Multifamily Property On Christopher Columbus Dr In Jersey City For $1.19M
236 Christopher Columbus Drive, Jersey City, NJ 07302
$1,190,000
$551/SF
Building Size
2,157 SF
Asset Type
MultiFamily
Closing
Jul 23, 2020
AI
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.
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
13.33%
Cash-on-Cash
-3.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93