Judy Marciano & Mackenzie Hirt Acquire Multifamily Property In Jersey City, NJ For $2.1M
SOLD
$2,100,000
New Jersey
See Similar DealsMultiFamily2,000 SF
Sold 10/08/2021
SOLD
Judy Marciano & Mackenzie Hirt Acquire Multifamily Property In Jersey City, NJ For $2.1M
270 4th Street, Jersey City, NJ, USA
See Similar DealsMultiFamily2,000 SF
Sold 10/08/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$1,050
Total Square Footage:2,000 SF
Transaction Type:Sale
Located at 270 4th Street in Jersey City, NJ, a multifamily property has recently been sold. The transaction took place on 10/08/2021, with a sale price of $2,100,000.
Summary of Transaction Details:
- Property Type: Multifamily
- Address: 270 4th Street, Jersey City, NJ
- Sale Price: $2,100,000
- Buyer's Representative: Judy Marciano & Mackenzie Hirt - Christie's International Real Estate
- Seller's Representative: Michael Hern - Prominent Properties Sotheby's International
Judy Marciano and Mackenzie Hirt from Christie's International Real Estate represented the buyer in this transaction. On the other hand, the seller was represented by Michael Hern from Prominent Properties Sotheby's International.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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