Silverman Building LLC Acquires Multifamily Property In Jersey City For $1.45M
SOLD
$1,450,000
New Jersey
See Similar DealsMultiFamily1,200 SF
Sold 11/19/2021
SOLD
Silverman Building LLC Acquires Multifamily Property In Jersey City For $1.45M
255 5th St, Jersey City, NJ, USA
See Similar DealsMultiFamily1,200 SF
Sold 11/19/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$1,208
Total Square Footage:1,200 SF
Transaction Type:Sale
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.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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