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283 4th Street

Realmart Realty And Keller Williams City Life Facilitate $1,786,500 Multifamily Sale
SOLDMultiFamily

Realmart Realty And Keller Williams City Life Facilitate $1,786,500 Multifamily Sale

283 4th Street

$1,786,500

Building Size

Asset Type

MultiFamily

Closing

Apr 15, 2024

AI

283 4th Street in Jersey City was sold for $1,786,500, facilitated by Realmart Realty and Keller Williams. This multifamily property boasts seven bedrooms, five baths, spacious layouts, hardwood floors, ample natural light, private parking, and outdoor space, providing an ideal blend of contemporary luxury and urban convenience in downtown Jersey City.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,786,500
  • Address: 283 4th Street
  • Market: Jersey City

Qizhan Yao of Realmart Realty and Christopher Piechocki of Keller Williams were the key representatives in the deal.

Players

Christopher Piechocki

Keller Williams Realty

Broker

$4.3M

vol

3 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

8.88%

Cash-on-Cash

-2.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93