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28 Pierce Avenue

Coldwell Banker Brokers Sell Multifamily Property In Jersey City For $1.05M
SOLDMultiFamily

Coldwell Banker Brokers Sell Multifamily Property In Jersey City For $1.05M

28 Pierce Avenue

$1,052,000

Building Size

Asset Type

MultiFamily

Closing

Sep 22, 2023

AI

A multifamily property located at 28 Pierce Avenue in Jersey City has been sold for a total price of $1,052,000. The property was listed and facilitated by Coldwell Banker brokers Patrick Southern, Alexandrea Fonseca, and Natasha Kher.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $1,052,000
  • Address: 28 Pierce Avenue, Jersey City
  • Market: Jersey City

The sale of the multifamily property at 28 Pierce Avenue in Jersey City was managed by Coldwell Banker brokers Patrick Southern, Alexandrea Fonseca, and Natasha Kher. Their expertise and efforts played a pivotal role in facilitating this transaction.

Players

Patrick Southern

Coldwell Banker

Broker

$38.1M

vol

19 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

15.08%

Cash-on-Cash

-4.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93