Derek Eisenberg Acquires Multifamily Property In Jersey City For $2.8M
287 York Street, Jersey City, New Jersey 07302, United States
$2,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 20, 2022
AI
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.
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93