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Coldwell Banker Brokers Sell Multifamily Property In Jersey City For $1.05M
SOLD
$1,052,000
New Jersey
See Similar DealsMultiFamily
Sold 09/22/2023
SOLD
Coldwell Banker Brokers Sell Multifamily Property In Jersey City For $1.05M
28 Pierce Avenue
See Similar DealsMultiFamily
Sold 09/22/2023
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$56,106.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,737.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,987.02
Annual Debt Service$59,844.20
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