Updated Dec 18, 2023
Elena Isaac Purchases Multifamily Property In Jersey City For $770,000
303 Arlington Avenue, Jersey City, New Jersey 07304, United States
$770,000
$467/SF
Building Size
1,647 SF
Asset Type
MultiFamily
Closing
May 16, 2022
About this deal
AI
A multifamily property located at 303 Arlington Ave in Jersey City has been sold for $770,000. The property consists of two units, with a price per unit of $385,000. The transaction took place on May 17, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $770,000
- Units: 2
- Price Per Unit: $385,000
Elena Isaac has purchased the property from Peretz Lubin. The transaction was facilitated by Alena Ciccarelli from Christies International Real Estate.
The multifamily sale at 303 Arlington Avenue, Jersey City, New Jersey 07304, United States in Jersey City, New Jersey sold for $770K in 2022. Reported inventory is 1,647 square feet across 2 units, or about 467 per square foot. Alena Ciccarelli, Christie's International Real Estate appear on the sale alongside Christie's International Real Estate. This page is the Jersey City, New Jersey file for the 303 Arlington Avenue, Jersey City, New Jersey 07304, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Jersey City sit in the Market section below. Filter that Jersey City multifamily set by closing date to see what else sold near 303 Arlington Avenue, Jersey City, New Jersey 07304, United States around 2022. Published consideration for 303 Arlington Avenue, Jersey City, New Jersey 07304, United States is $770K, dated 2022. Cite this Elena Isaac Purchases Multifamily Property In Jersey City For $770,000 sale when underwriting similar multifamily product around Jersey City, New Jersey.
Jersey City MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
20.60%
Cash-on-Cash
-5.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93