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
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