Updated Dec 21, 2023
Engel & Völkers Hoboken Sells Multifamily Property In Jersey City, NJ For $1.36M
241 South 2nd Street, Millville, NJ 08332, USA
$1,360,000
$762/SF
Building Size
1,784 SF
Asset Type
MultiFamily
Closing
Jul 29, 2020
About this deal
AI
The multifamily property located at 241 2nd St in Jersey City, NJ has been sold for a total price of $1,360,000. The transaction took place on July 29, 2021. The property consists of 2 units, resulting in a price per unit of $680,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,360,000
- Address: 241 2nd St, Jersey City, NJ
- Market: Jersey City, NJ
- Buyer's Representative: Vanessa Imme - Silverman Building LLC
- Seller's Representative: Rossella Aquila - Engel & Völkers Hoboken
- Units: 2
- Price Per Unit: $680,000
Vanessa Imme from Silverman Building LLC represented the buyer in this transaction, while Rossella Aquila from Engel & Völkers Hoboken represented the seller.
Players
Millville 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
11.66%
Cash-on-Cash
-3.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93