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Keller Williams City Life JC Realty Acquires Multifamily Property In Jersey City For $1.5M

Property Image
SOLD
$1,500,000

New Jersey

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MultiFamily
Sold 05/04/2022
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Property Image
SOLD

Keller Williams City Life JC Realty Acquires Multifamily Property In Jersey City For $1.5M

271 3rd Street, Jersey City, New Jersey 07302, United States

See Similar Deals
MultiFamily
Sold 05/04/2022
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

Located at 271 3rd St in Jersey City, this multifamily property was recently sold in a closed transaction. The sale was facilitated by Liza Rogala of RE/MAX On the Hudson, representing the seller, and Renee Condon of Keller Williams City Life JC Realty, representing the buyer. The property consists of 2 units and was sold for a total price of $1,500,000, resulting in a per unit price of $750,000.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Address: 271 3rd St, Jersey City
  • Market: Jersey City
  • Buyer's Representative: Renee Condon - Keller Williams City Life JC Realty
  • Seller's Representative: Liza Rogala - RE/MAX On the Hudson

This transaction highlights the successful collaboration between Renee Condon of Keller Williams City Life JC Realty and Liza Rogala of RE/MAX On the Hudson. These professionals played a crucial role in representing their respective clients, ensuring a smooth sale of this multifamily property in Jersey City.

Players

Renee Condon
7 deals$11.9M volume
BROKER

Liza Rogala
Christie's International Real Estate
2 deals$3.1M volume
BROKER

Re/Max
BROKERAGE

Details

SOLD
IMAGE: Liza Rogala DATE: 05/04/2022 ADDRESS: 271 3rd St MARKET: Jersey City ASSET TYPE: Multifamily BUYER'S REP: Renee Condon - Keller Williams City Life JC Realty SELLER'S REP: Liza Rogala - RE/MAX On the Hudson SALE PRICE: $1,500,000 UNITS: 2 ~ PPU: $750,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$79,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18