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271 3rd Street, Jersey City...

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

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

Renee Condon

Keller Williams Realty

Broker

$11.9M

vol

7 deals

Broker
Re/Max
Re/MaxBrokerage

Jersey City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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