SOLDMultiFamily
Nest Seekers New Jersey Acquires Multifamily Property In Jersey City For $1.2M
West 4th Street, Plainfield, NJ, USA
$1,200,000
$505/SF
Building Size
2,375 SF
Asset Type
MultiFamily
Closing
Apr 25, 2021
AI
Located at 318 4th St in Jersey City, this multifamily property was recently sold in a closed transaction for $1,200,000. The sale took place on 04/26/2021.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 318 4th St, Jersey City
- Market: Jersey City
The buyer was represented by Marc Brenner of Nest Seekers New Jersey LLC, while Nelson Valentin from Group Twenty Six, LLC acted as the seller's representative.
Players
Plainfield 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93