Nest Seekers New Jersey Acquires Multifamily Property In Jersey City For $1.2M
SOLD
$1,200,000
New Jersey
See Similar DealsMultiFamily2,375 SF
Sold 04/26/2021
SOLD
Nest Seekers New Jersey Acquires Multifamily Property In Jersey City For $1.2M
West 4th Street, Plainfield, NJ, USA
See Similar DealsMultiFamily2,375 SF
Sold 04/26/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$505
Total Square Footage:2,375 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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