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Compass Represents Buyer In $1.26M Multifamily Sale In Jersey City
SOLD
$1,268,000
New Jersey
See Similar DealsMultiFamily
Sold 08/31/2023
SOLD
Compass Represents Buyer In $1.26M Multifamily Sale In Jersey City
30 Wilkinson Avenue
See Similar DealsMultiFamily
Sold 08/31/2023
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 30 Wilkinson Avenue in Jersey City has been sold. The property is situated in the bustling market of Jersey City. The sale price for this multifamily asset was $1,268,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,268,000
- Address: 30 Wilkinson Avenue
- Market: Jersey City
Irina "Irene" Barnaby, a representative from Compass, acted as the buyer's representative in this transaction. On the other hand, Frank Darden Moorefield, associated with Keller Williams City Life Jersey City Realty, represented the seller's interests.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,626.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,504.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,010.97
Annual Debt Service$72,131.60
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