Updated Dec 19, 2023
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
About this deal
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.
The multifamily sale at West 4th Street, Plainfield, NJ, USA in Plainfield, New Jersey sold for $1.2M in 2021. The building is 2,375 square feet, implying about 505 per square foot on the published price. Marc Brenner, Nelson Valentin, Nest Seekers International appear on the sale alongside Nest Seekers International. This page is the Plainfield, New Jersey file for the West 4th Street, Plainfield, NJ, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Plainfield sit in the Market section below. Filter that Plainfield multifamily set by closing date to see what else sold near West 4th Street, Plainfield, NJ, USA around 2021. Published consideration for West 4th Street, Plainfield, NJ, USA is $1.2M, dated 2021. Cite this Nest Seekers New Jersey Acquires Multifamily Property In Jersey City For $1.2M sale when underwriting similar multifamily product around Plainfield, New Jersey.
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