Ryan Wilman & Patrick Southern Sell Multifamily Brownstone In Jersey City For $2.25M
244 Montgomery Street
$2,250,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 12, 2024
AI
A luxurious five-bedroom two-family brownstone at 244 Montgomery Street in Jersey City sold for $2,250,000. The property features grand interiors with exposed brick, high ceilings, marble fireplaces, and two kitchens, situated between Van Vorst Park and City Hall Park with easy access to dining and transportation.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,250,000
- Address: 244 Montgomery Street
- Market: Jersey City
- Buyer's Rep: Ryan Wilman - Corcoran Sawyer Smith
- Seller's Rep: Patrick Southern - Coldwell Banker
The buyer's representative for this transaction was Ryan Wilman from Corcoran Sawyer Smith, while the seller's representative was Patrick Southern from Coldwell Banker.
Players
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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93