Updated Oct 14, 2026
Brian Phillips Acquires Multifamily Property From Joe Caggiano In Jersey City For $2,115,000
265 Union St
$2,115,000
$167/SF
Building Size
12,600 SF
Asset Type
MultiFamily
Closing
Jan 29, 2018
About this deal
AI
The transaction involves a MultiFamily property located at 265 Union St in Jersey City. The property was sold for $2,115,000.00 and comprises a total of 12,600 square feet.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $2,115,000.00
- Address: 265 Union St
- Market: Jersey City
- Square Footage: 12,600.0
- Buyer: Brian Phillips
- Seller: Joe Caggiano
- Broker: Steven Matovski - Redwood Realty Advisors
Brian Phillips acted as the buyer in this transaction, while Joe Caggiano served as the seller. The brokerage firm involved in the deal was represented by Steven Matovski from Redwood Realty Advisors, facilitating the sale process between the two parties.
On the Map
$2,115,000
$167/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
7.50%
Cash-on-Cash
-2.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93