Keon Hazzard Acquires Multifamily Property In Jersey City For $1.2M
SOLD
$1,205,000
New Jersey
See Similar DealsMultiFamily2,143 SF
Sold 02/17/2021
SOLD
Keon Hazzard Acquires Multifamily Property In Jersey City For $1.2M
308 Webster Avenue, Jersey City, NJ, USA
See Similar DealsMultiFamily2,143 SF
Sold 02/17/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$562
Total Square Footage:2,143 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,281.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,712.31
Annual Debt Service$68,547.78
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