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
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