Updated Dec 4, 2024
Umar Khawaja Of ERealty Advisors, Inc. Brokers $1.2M Multifamily Sale At 278 4th St, Jersey City
278 4th St, Jersey City, NJ, USA
$1,200,000
$600/SF
Building Size
2,000 SF
Asset Type
MultiFamily
Closing
Aug 9, 2021
About this deal
AI
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.
The multifamily sale at 278 4th St, Jersey City, NJ, USA in Jersey City, New Jersey sold for $1.2M in 2021. The building is 2,000 square feet, implying about 600 per square foot on the published price. Named participants on the 278 4th St, Jersey City, NJ, USA sale are Umar Khawaja. This page is the Jersey City, New Jersey file for the 278 4th St, Jersey City, NJ, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Jersey City sit in the Market section below. Filter that Jersey City multifamily set by closing date to see what else sold near 278 4th St, Jersey City, NJ, USA around 2021. Published consideration for 278 4th St, Jersey City, NJ, USA is $1.2M, dated 2021. Cite this Umar Khawaja Of ERealty Advisors, Inc. Brokers $1.2M Multifamily Sale At 278 4th St, Jersey City sale when underwriting similar multifamily product around Jersey City, New Jersey.
On the Map
$1,200,000
$600/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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93