Updated Dec 21, 2023
Silverman Building LLC Acquires Multifamily Property In Jersey City For $1.45M
255 5th St, Jersey City, NJ, USA
$1,450,000
$1,208/SF
Building Size
1,200 SF
Asset Type
MultiFamily
Closing
Nov 19, 2021
About this deal
AI
Located at 255 5th St in Jersey City, this multifamily property was recently sold for $1,450,000 on November 19, 2021. The transaction was facilitated by Vanessa Imme of Silverman Building LLC who acted as the buyer's representative, and Timothy Smith of Sawyer Smith Residential Brokerage who represented the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Market: Jersey City
The buyer's representative, Vanessa Imme, works with Silverman Building LLC, while the seller was represented by Timothy Smith from Sawyer Smith Residential Brokerage. Both parties played crucial roles in the successful sale of this property.
On the Map
$1,450,000
$1,208/SF
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93