Engel & Völkers Hoboken Sells Multifamily Property In Jersey City, NJ For $1.36M
SOLD
$1,360,000
New Jersey
See Similar DealsMultiFamily1,784 SF
Sold 07/29/2020
SOLD
Engel & Völkers Hoboken Sells Multifamily Property In Jersey City, NJ For $1.36M
241 South 2nd Street, Millville, NJ 08332, USA
See Similar DealsMultiFamily1,784 SF
Sold 07/29/2020
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$762
Total Square Footage:1,784 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,831.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,447.09
Annual Debt Service$77,365.13
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