Updated Dec 21, 2023
Prominent Properties Sotheby's Intl Sells Multifamily Property In Jersey City For $1.4M
237 Grove Street, Jersey City, NJ 07302
$1,405,500
$622/SF
Building Size
2,258 SF
Asset Type
MultiFamily
Closing
Apr 22, 2021
About this deal
AI
Located at 237 Grove Street in Jersey City, this recently sold property is a multifamily asset. The transaction took place on 04/23/2021, with Megha Moza of Prominent Properties Sotheby's International Realty acting as the broker.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,405,500
- Date: 04/23/2021
- Address: 237 Grove Street, Jersey City
The deal was facilitated by Megha Moza, representing Prominent Properties Sotheby's International Realty. With the property located in Jersey City, this transaction highlights the strong demand for multifamily assets in the area.
On the Map
$1,405,500
$622/SF
MultiFamily
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Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.29%
Cash-on-Cash
-3.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93