Updated Dec 21, 2023
Terrell Mackey's Better Real Estate Acquires Multifamily Property In Jersey City For $1.34M
306 1/2 4th St, Jersey City, New Jersey 07302, United States
$1,340,000
Building Size
—
Asset Type
MultiFamily
Closing
May 10, 2022
About this deal
AI
The multifamily property located at 306 1/2 4th St in Jersey City, NJ has been sold for $1,340,000. The transaction took place on 05/11/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,340,000
- Address: 306 1/2 4th St, Jersey City, NJ
- Market: Jersey City, NJ
The buyer's representative in this transaction was Terrell Mackey from Better Real Estate LLC. He represented the buyer in the deal. On the other hand, Katelyn Whitlock from Trompeter Real Estate served as the seller's representative.
Players
Jersey 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
11.84%
Cash-on-Cash
-3.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93