Updated Sep 9, 2024
Realty Mark Central Acquires Multifamily Property In Jersey City For $1.6M
301 3rd St, Jersey City, NJ, USA
$1,647,000
$867/SF
Building Size
1,899 SF
Asset Type
MultiFamily
Closing
Oct 7, 2021
About this deal
AI
A multifamily property located at 301 3rd St in Jersey City has been sold for $1,647,000. The transaction took place on 10/08/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,647,000
- Address: 301 3rd St
- Market: Jersey City
Stefan Tsvetkov from Realty Mark Central represented the buyer in the deal, while Cuc Luong from Keller Williams City Life Jersey City Realty represented the seller.
The multifamily sale at 301 3rd St, Jersey City, NJ, USA in Union City, New Jersey sold for $1.6M in 2021. The building is 1,899 square feet, implying about 867 per square foot on the published price. Cuc Luong, Stefan Tsvetkov, Keller Williams Realty appear on the sale alongside Keller Williams Realty. This page is the Union City, New Jersey file for the 301 3rd St, Jersey City, NJ, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Union City sit in the Market section below. Filter that Union City multifamily set by closing date to see what else sold near 301 3rd St, Jersey City, NJ, USA around 2021. Published consideration for 301 3rd St, Jersey City, NJ, USA is $1.6M, dated 2021. Cite this Realty Mark Central Acquires Multifamily Property In Jersey City For $1.6M sale when underwriting similar multifamily product around Union City, New Jersey.
Players
Union 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
9.63%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93