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295 Sherman Ave, Jersey Cit...

J Fernandez Acquires Multifamily Property In Jersey City, NJ For $915,000
SOLDMultiFamily

J Fernandez Acquires Multifamily Property In Jersey City, NJ For $915,000

295 Sherman Ave, Jersey City, NJ, USA

$915,000

$381/SF

Building Size

2,400 SF

Asset Type

MultiFamily

Closing

Nov 9, 2021

AI

A multifamily property located at 295 Sherman Ave in Jersey City, NJ has been sold for $915,000. The property features 2 units with a total square footage of 2,400, resulting in a price per square foot of $381. The transaction took place on November 9, 2021, with the buyer identified as J Fernandez and the seller as 295 Sherman LLC.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $915,000
  • Asking Price: $899,999
  • Units: 2
  • Price Per Unit: $457,500
  • Square Footage: 2,400
  • Price Per Square Foot: $381
  • Market: Jersey City, NJ

Maria Kosdan from Prime Real Estate Group represented the buyer, J Fernandez, in the transaction. Christian Bastidas and Steven Caraccio from West Hoboken Residential acted as the seller's representatives.

Players

Maria Kosdan

Broker

$915K

vol

1 deal

Broker
2L
295 Sherman LLCSeller

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

17.34%

Cash-on-Cash

-4.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93