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
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