Updated Dec 20, 2023
Kaan Sanalan Acquires Multifamily Property On 4th Street In Jersey City's Historic District
284 4th Street, Jersey City, NJ, USA
$1,475,000
$409/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Feb 18, 2021
About this deal
AI
A multifamily property located at 284 4th Street in Jersey City's Historic District has been sold for $1,475,000. The property spans 3,600 square feet and has a price per square foot of $410. The transaction involved three units, with each unit valued at approximately $491,667.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,475,000
- Address: 284 4th Street, Jersey City
- Market: Historic District
- Buyer: Kaan Sanalan
- Broker: Natasha Zhuravsky @natashaisnyce - R New Jersey
For more information or to inquire about your next investment or home, you can contact Natasha Zhuravsky at @natashaisnyce.
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
10.75%
Cash-on-Cash
-3.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93