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272 Hoboken Avenue

Kislak Acquires Multifamily Property In Jersey City For $2.55M
SOLDMultiFamily

Kislak Acquires Multifamily Property In Jersey City For $2.55M

272 Hoboken Avenue

$2,550,000

Building Size

Asset Type

MultiFamily

Closing

Sep 13, 2023

AI

The multifamily property located at 272 Hoboken Avenue in Jersey City has been sold in a recent transaction. The property consists of 13 units and was sold for a total price of $2,550,000, which equates to an average price per unit of $196,154.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,550,000
  • Units: 13
  • Price Per Unit: $196,154

The sale of this multifamily property was facilitated by the brokers Don Baxter and Michael Salomon from Kislak. They played a key role in overseeing the transaction and ensuring a successful outcome.

Players

Don Baxter

Kislak

Broker

$37.6M

vol

6 deals

Broker

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

6.22%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93