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287 York Street, Jersey Cit...

Derek Eisenberg Acquires Multifamily Property In Jersey City For $2.8M
SOLDMultiFamily

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

Derek Eisenberg

Broker

$23.8M

vol

6 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

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93