Updated Dec 19, 2023
Davis Briones - Kislak Company Acquires Multifamily Property In Jersey City For $3.85M
319 Summit Avenue, Jersey City, New Jersey 07306, United States
$3,850,000
$154/SF
Building Size
25,000 SF
Asset Type
MultiFamily
Closing
Apr 11, 2022
About this deal
AI
Located at 319 Summit Ave in Jersey City, this multifamily property recently changed hands in a sale transaction. The sale was facilitated by Davis Briones from Kislak Company, who represented the parties involved in the deal.
Summary of transation details
- Property Type: Multifamily
- Sale Price: $3,850,000
- Units: 21
- Price Per Unit: $183,333
This transaction involves a 21-unit multifamily property, with each unit having a price per unit of approximately $183,333. The deal was managed by Davis Briones from Kislak Company, who acted as the broker representing the parties involved in the sale.
On the Map
$3,850,000
$154/SF
MultiFamily
View full map
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Davis Briones to view all their deals.
Browse New Jersey multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93