Updated Oct 2, 2026
Brian Phillips Purchases MultiFamily Property From Alex Tupaz In Jersey City For $3,950,000
275 Monticello & 215 Summit Avenue
$3,950,000
$118/SF
Building Size
16,643 SF
Asset Type
MultiFamily
Closing
Jun 14, 2021
About this deal
AI
The property involved in the transaction is a MultiFamily asset located at 275 Monticello, Jersey City. The sale price for the property was $3,950,000.00, with a total square footage of 16,643.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,950,000.00
- Address: 275 Monticello
- Market: Jersey City
- Square Footage: 16,643.0
- Buyer: Brian Phillips
- Seller: Alex Tupaz
- Brokers: Steven Matovski - Redwood Realty Advisors
This transaction featured Brian Phillips as the buyer and Alex Tupaz as the seller, with the representation from Steven Matovski of Redwood Realty Advisors overseeing the deal.
On the Map
$3,950,000
$118/SF
MultiFamily
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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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93