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Umar Khawaja Of ERealty Advisors, Inc. Brokers $1.2M Multifamily Sale At 278 4th St, Jersey City

Property Image
SOLD
$1,200,000

New Jersey

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MultiFamily2,000 SF
Sold
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Property Image
SOLD

Umar Khawaja Of ERealty Advisors, Inc. Brokers $1.2M Multifamily Sale At 278 4th St, Jersey City

278 4th St, Jersey City, NJ, USA

See Similar Deals
MultiFamily2,000 SF
Sold
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$600
Total Square Footage:2000 SF
Transaction Type:Sale

A multifamily property located at 278 4th St in Jersey City has been sold for $1,200,000. The property features multiple residential units and is situated in the Jersey City market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000

The sale of this multifamily property was facilitated by Umar Khawaja from ERealty Advisors, Inc. as the broker representing the deal.

Players

Umar Khawaja
Umar Khawaja
2 deals$2.3M volume
BROKER

Details

SOLD
IMAGE: 08/10/2021 ADDRESS: 278 4th St MARKET: Jersey City ASSET TYPE: Multifamily BROKER: Umar Khawaja - ERealty Advisors, Inc. SALE PRICE: $1,200,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35