Updated Dec 20, 2023
Compass Acquires Multifamily Property In Jersey City For $1.085M
302 West 4th Street, Bayonne, NJ, USA
$1,085,000
$904/SF
Building Size
1,200 SF
Asset Type
MultiFamily
Closing
Nov 5, 2021
About this deal
AI
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.
Bayonne 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
14.62%
Cash-on-Cash
-4.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93