Judy Marciano & Mackenzie Hirt Acquire Multifamily Property In Jersey City, NJ For $2.1M
270 4th Street, Jersey City, NJ, USA
$2,100,000
$1,050/SF
Building Size
2,000 SF
Asset Type
MultiFamily
Closing
Oct 8, 2021
AI
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.
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93