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.
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