Updated Dec 18, 2023
Compass Brokers Acquire Multifamily Property On 240 Grove St In Jersey City For $1.6M
240 Grove Street, Jersey City, NJ 07302
$1,632,660
$1,101/SF
Building Size
1,482 SF
Asset Type
MultiFamily
Closing
Oct 25, 2021
About this deal
AI
240 Grove St, a multifamily property located in Jersey City, was recently sold on October 25, 2021, for a total price of $1,632,660. The property consists of 4 units, resulting in a price per unit of $408,165. The sale was facilitated by the brokers Irina Barnaby & Kristin Ehrgott from Compass.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,632,660
- Units: 4
- Price per Unit: $408,165
- Broker: Irina Barnaby & Kristin Ehrgott - Compass
Irina Barnaby & Kristin Ehrgott from Compass played a pivotal role in the successful sale of 240 Grove St. Their expertise and guidance ensured a smooth transaction for the buyer and seller.
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Kristin Ehrgott to view all their deals.
Browse New Jersey multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.72%
Cash-on-Cash
-2.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93