Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,052,000
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
15.08%
Cash-on-Cash
-4.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93