Updated Dec 21, 2023
Kristin Ehrgott Acquires Multifamily Property In Jersey City For $1.269M
298 8th Street, Jersey City, NJ 07302
$1,269,000
$1,582/SF
Building Size
802 SF
Asset Type
MultiFamily
Closing
Jul 6, 2020
About this deal
AI
The multifamily property located at 298 8th St in Jersey City has been sold for a total price of $1,269,000. The transaction took place on July 6, 2021.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,269,000
- Address: 298 8th St, Jersey City
- Date: July 6, 2021
- Buyer's Representative: Kristin Ehrgott - Compass
- Seller's Representative: Jill Biggs - Coldwell Banker Realty
Kristin Ehrgott from Compass represented the buyer in this transaction, while Jill Biggs from Coldwell Banker Realty represented the seller.
On the Map
$1,269,000
$1,582/SF
MultiFamily
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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
12.50%
Cash-on-Cash
-3.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93