Updated Sep 2, 2024
Alexander Calle Sells Multifamily Property In Jersey City For $1.075M
259 Terrace Avenue, Jersey City, New Jersey 07307, United States
$1,075,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 12, 2022
About this deal
AI
The multifamily property located at 259 Terrace Ave in Jersey City has been sold for a price of $1,075,000. The sale was facilitated by Alexander Calle from Keller Williams City Life JC Realty as the broker representing the parties involved in the transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,075,000
- Date: 04/13/2022
- Market: Jersey City
- Broker: Alexander Calle - Keller Williams City Life JC Realty
The sale of the property at 259 Terrace Ave highlights the involvement of Alexander Calle from Keller Williams City Life JC Realty as the broker for this deal. Their expertise and representation played a pivotal role in facilitating the successful transaction.
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
14.76%
Cash-on-Cash
-4.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93