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
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