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Multifamily Property At 237 7th Street Jersey City Sold For $1.54 Million With Derek Eisenberg As The Broker

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SOLD
$1,540,000

New Jersey

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MultiFamily
Sold 07/31/2024
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Property Image
SOLD

Multifamily Property At 237 7th Street Jersey City Sold For $1.54 Million With Derek Eisenberg As The Broker

237 7th Street

See Similar Deals
MultiFamily
Sold 07/31/2024
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

The multi-family home located at 237 7th Street, Jersey City, sold for $1.54 million. This property consists of three apartments and features a large private backyard. It is situated in the desirable Hamilton Park area and holds potential for renovation and expansion, with a per-unit price of $513,333.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,540,000
  • Units: 3
  • Price Per Unit: $513,333
  • Broker: Derek Eisenberg - Continental Real Estate Group
  • Date of Transaction: 07/31/2024

Derek Eisenberg from Continental Real Estate Group represented the transaction. The deal was finalized in a competitive real estate market in Jersey City, highlighting the demand for multi-family units in the area.

Players

6 deals$23.8M volume
BROKER

Details

SOLD
IMAGE: Derek Eisenberg DATE: 07/31/2024 ADDRESS: 237 7th Street MARKET: Jersey City ASSET TYPE: Multifamily BROKER: Derek Eisenberg (@DerekEisenberg) - Continental Real Estate Group SALE PRICE: $1,540,000 UNITS: 3 ~ PPU: $513,333 NOTE: The multi-family home at 237 7th Street in Jersey City sold for $1.54 million, with a per-unit price of $513,333. The property includes three apartments, a large private backyard, and is situated in the desirable Hamilton Park area, with potential for renovation and expansion.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,471.30
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