Derek Eisenberg Acquires Multifamily Property In Jersey City For $2.8M
SOLD
$2,800,000
New Jersey
See Similar DealsMultiFamily
Sold 06/21/2022
SOLD
Derek Eisenberg Acquires Multifamily Property In Jersey City For $2.8M
287 York Street, Jersey City, New Jersey 07302, United States
See Similar DealsMultiFamily
Sold 06/21/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
The recently closed property transaction in Jersey City involved a multifamily asset located at 287 York St. The property consists of 4 units, with each unit having a price per unit (PPU) of $700,000. The transaction took place on 06/21/2022, with a sale price of $2,800,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,800,000
- Units: 4
- PPU: $700,000
- Date: 06/21/2022
- Address: 287 York St
- Market: Jersey City
The sale of this multifamily property was facilitated by Derek Eisenberg from Continental Real Estate Group, Inc. His representation ensured a smooth transaction for all parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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