Updated Sep 9, 2024
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
About this deal
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.
The multifamily sale at 308 Webster Avenue, Jersey City, NJ, USA in Jersey City, New Jersey sold for $1.2M in 2021. The building is 2,143 square feet, implying about 562 per square foot on the published price. Keon Hazzard, Megan Gulick, Sawyer Smith Residential, VUE Realty Group appear on the sale alongside Sawyer Smith Residential, VUE Realty Group, The Corcoran Group. This page is the Jersey City, New Jersey file for the 308 Webster Avenue, Jersey City, NJ, USA 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 308 Webster Avenue, Jersey City, NJ, USA around 2021. Published consideration for 308 Webster Avenue, Jersey City, NJ, USA is $1.2M, dated 2021. Cite this Keon Hazzard Acquires Multifamily Property In Jersey City For $1.2M sale when underwriting similar multifamily product around Jersey City, New Jersey.
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