Updated May 12, 2025
Tuli Realty Acquires Multifamily Asset From SYM Investments In Jersey City For $21.93M
280 Fairmount Avenue
$21,925,000
$579/SF
Building Size
37,820 SF
Asset Type
MultiFamily
Closing
Apr 23, 2025
About this deal
AI
The property asset involved in the transaction is a multifamily building located at 280 Fairmount Avenue, Jersey City, NJ. The sale price was $21,925,000, with a total square footage of 37,820, resulting in a price per square foot of $579.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,925,000
- Address: 280 Fairmount Avenue
- Market: Jersey City, NJ
- Square Footage: 37,820
- Price per Square Foot: $579
- Buyer: Tuli Realty
- Seller: SYM Investments
- Broker Representatives: Jonathan Brody & Michael Schattner - Base Realty Group
The transaction involves Tuli Realty as the buyer and SYM Investments as the seller, with Jonathan Brody and Michael Schattner representing the seller through Base Realty Group during the deal. Their involvement has been pivotal in facilitating this multifamily asset transaction.
On the Map
$21,925,000
$579/SF
MultiFamily
View full map
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael Schattner to view all their deals.
Browse Jersey City multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93