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
$1,500,000
Building Size
—
Asset Type
MultiFamily
Closing
May 3, 2022
AI
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
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93