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Milanka Lippman Of Re/Max Signature Homes Represents Buyer In $1.29M Jersey City Multifamily Sale

Property Image
SOLD
$1,290,000
Mark Trompeter
ML

New Jersey

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MultiFamily
Sold 08/15/2024
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Property Image
SOLD

Milanka Lippman Of Re/Max Signature Homes Represents Buyer In $1.29M Jersey City Multifamily Sale

297 5th Street

See Similar Deals
MultiFamily
Sold 08/15/2024
Mark Trompeter
ML
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

A legal two-family home located at 297 5th Street in Jersey City was sold for $1.29 million. The property is currently being utilized as a single-family residence and offers modern finishes, hardwood floors, and a chef's kitchen. Outdoor amenities include a backyard oasis with a deck, and it notably features two-car parking.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,290,000
  • Units: 2
  • Price Per Unit: $645,000
  • Buyer's Representative: Milanka Lippman - Re/Max Signature Homes
  • Seller's Representative: Mark Trompeter - Serhant
  • Date of Transaction: 08/15/2024

The transaction involved key representatives from the real estate industry. Milanka Lippman represented the buyer and is affiliated with Re/Max Signature Homes, while Mark Trompeter represented the seller through Serhant.

Players

Mark Trompeter
Mark Trompeter
3 deals$5M volume
BROKER
ML
Re/Max
Milanka Lippman
1 deal$1.3M volume(201) 981-4401
BROKER

Details

SOLD
IMAGE: Milanka Lippman & Mark Trompeter DATE: 08/15/2024 ADDRESS: 297 5th Street MARKET: Jersey City ASSET TYPE: Multifamily BUYER'S REP: Milanka Lippman - Re/Max Signature Homes (@Remaxcloster) SELLER'S REP: Mark Trompeter (@Mark_Trompeter) - Serhant (@Serhant) SALE PRICE: $1,290,000 UNITS: 2 ~ PPU: $645,000 NOTE: A legal two-family home at 297 5th Street in Jersey City sold for $1.29 million, though currently used as a single-family residence. The property features modern finishes, hardwood floors, a chef's kitchen, and a backyard oasis with deck, and includes the rare benefit of two-car parking.

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Debt Service Coverage Ratio (DSCR)

0.94x

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