Keon Hazzard Acquires Multifamily Property In Jersey City For $1.2M
308 Webster Avenue, Jersey City, NJ, USA
$1,205,000
$562/SF
Building Size
2,143 SF
Asset Type
MultiFamily
Closing
Feb 16, 2021
AI
A multifamily property located at 308 Webster Ave in Jersey City was recently sold for $1,205,000. The transaction took place on February 17, 2021. The property is part of the real estate market in Jersey City.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,205,000
In this deal, Keon Hazzard from Vue Realty Group LLC represented the buyer, while Megan Gulick from Sawyer Smith Residential Brokerage represented the seller.
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
13.16%
Cash-on-Cash
-3.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93