facebook
Traded Co logo
Submit

Compass Acquires Multifamily Property In Jersey City For $1.085M

Property Image
SOLD
$1,085,000
Steven Schulman
Dean Clark

New Jersey

See Similar Deals
MultiFamily1,200 SF
Sold 11/05/2021
the dealplayerscompscontact
Property Image
SOLD

Compass Acquires Multifamily Property In Jersey City For $1.085M

302 West 4th Street, Bayonne, NJ, USA

See Similar Deals
MultiFamily1,200 SF
Sold 11/05/2021
Steven Schulman
Dean Clark
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$904
Total Square Footage:1,200 SF
Transaction Type:Sale

Located in Jersey City, the multifamily property at 302 4th St was recently sold. The transaction took place on 11/05/2021 for a sale price of $1,085,000. The property consists of 2 units, resulting in a price per unit of $542,500.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,085,000
  • Address: 302 4th St
  • Market: Jersey City
  • Units: 2
  • Price per Unit: $542,500

The buyer's representative in this transaction was Steven Schulman from Compass, while the seller's representative was Dean Clark from RE/MAX On the Hudson.

Players

Steven Schulman
Compass
Steven Schulman
3 deals$3.8M volume(732) 439-4364
BROKER
Dean Clark
Re/Max
Dean Clark
3 deals$3.7M volume
BROKER

Details

SOLD
IMAGE: Dean Clark & Steven Schulman DATE: 11/05/2021 ADDRESS: 302 4TH St MARKET: Jersey City ASSET TYPE: Multifamily BUYER'S REP: Steven Schulman - Compass SELLER'S REP: Dean Clark - RE/MAX On the Hudson SALE PRICE: $1,085,000 UNITS: 2 ~ PPU: $542,500

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$57,866.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,854.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,143.45
Annual Debt Service$61,721.44