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314 Montgomery St, Jersey C...

Francesco Mazzaferro Acquires Multifamily Property In Jersey City For $1.7M
SOLDMultiFamily

Francesco Mazzaferro Acquires Multifamily Property In Jersey City For $1.7M

314 Montgomery St, Jersey City, NJ, USA

$1,700,000

$500/SF

Building Size

3,394 SF

Asset Type

MultiFamily

Closing

Apr 12, 2021

AI

The multifamily property located at 314 Montgomery St in Jersey City was recently sold on April 13, 2021. The transaction was facilitated by buyer's representative Francesco Mazzaferro from Christie's International Real Estate Northern New Jersey, Inc. and seller's representative Brian Henry from Boyne Realty. The property was sold for a price of $1,700,000. It has a total area of 3,394 square feet, resulting in a price per square foot of $501.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,700,000
  • Address: 314 Montgomery St, Jersey City
  • Market: Jersey City
  • Buyer's Representative: Francesco Mazzaferro - Christie's International Real Estate Northern New Jersey, Inc.
  • Seller's Representative: Brian Henry - Boyne Realty
  • Total Area: 3,394 square feet
  • Price per Square Foot: $501

Francesco Mazzaferro from Christie's International Real Estate Northern New Jersey, Inc. represented the buyer in this transaction, while Brian Henry from Boyne Realty represented the seller. These individuals played key roles in facilitating the successful sale of the multifamily property located at 314 Montgomery St in Jersey City.

Players

Francesco Mazzaferro

Christie's International Real Estate

Broker

$9.8M

vol

7 deals

Broker

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

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93