Updated Dec 4, 2024
Jaison Joseph & Frank Darden Moorefield Seal $1.395M Multifamily Sale In Jersey City
293 Monmouth Street
$1,395,000
Units
2
Asset Type
MultiFamily
Closing
May 1, 2024
About this deal
AI
In Jersey City's market, a multifamily property located at 293 Monmouth Street was sold for $1,395,000. This historic townhouse features two units with original hardwood floors, marble fireplaces, and intricate moldings throughout.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,395,000
- Address: 293 Monmouth Street
- Market: Jersey City
- Units: 2
- Price per Unit: $697,500
Jaison Joseph from EXP Realty represented the buyer in this transaction, while Frank Darden Moorefield from Keller WilliamsCity Life JC Realty represented the seller. The property offers potential as an owner's duplex with a rental apartment, adding to its charm and appeal in the market.
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
11.37%
Cash-on-Cash
-3.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93