Updated Dec 4, 2024
Arthur Kaufman Of Coldwell Banker Acquires MultiFamily Property On 7th Street In Jersey City For $1.6M
249 7th Street
$1,615,000
Units
4
Asset Type
MultiFamily
Closing
Nov 30, 2023
About this deal
AI
The multi-family property located at 249 7th Street in Jersey City has been sold. The transaction took place on November 30, 2023. The property consists of 4 units, with a per unit price of $403,750. The total sale price for the property was $1,615,000.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $1,615,000
- Units: 4
- Price Per Unit (PPU): $403,750
Arthur Kaufman from Coldwell Banker represented the buyer in this transaction. Brian Henry from Boyne Realty represented the seller. Both the buyer's and seller's representatives played instrumental roles in facilitating the deal.
On the Map
$1,615,000
MultiFamily
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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
9.82%
Cash-on-Cash
-2.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93