Kristin Ehrgott Acquires Multifamily Property In Jersey City For $1.269M
SOLD
$1,269,000
New Jersey
See Similar DealsMultiFamily802 SF
Sold 07/06/2020
SOLD
Kristin Ehrgott Acquires Multifamily Property In Jersey City For $1.269M
298 8th Street, Jersey City, NJ 07302
See Similar DealsMultiFamily802 SF
Sold 07/06/2020
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$1,582
Total Square Footage:802 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,680.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,508.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,015.71
Annual Debt Service$72,188.49
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