Updated Dec 21, 2023
RE/MAX Villa, Realtors Sells Jersey City Multifamily For $1.5M
321 4th Street, Jersey City, New Jersey 07302, United States
$1,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 16, 2022
About this deal
AI
The multifamily property located at 321 4th St in Jersey City has been sold for a price of $1,500,000. The transaction took place on February 17, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
The buyer was represented by Jose Liza from RE/MAX Villa, Realtors. On the other hand, Sherif Fanous, also from RE/MAX Villa, Realtors, represented the seller in this deal.
The multifamily sale at 321 4th Street, Jersey City, New Jersey 07302, United States in Jersey City, New Jersey sold for $1.5M in 2022. 321 4th Street, Jersey City, New Jersey 07302, United States is classified as Multifamily on Traded. Jose Liza, Sherif Fanous, Re/Max appear on the sale alongside Re/Max. This page is the Jersey City, New Jersey file for the 321 4th Street, Jersey City, New Jersey 07302, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Jersey City sit in the Market section below. Filter that Jersey City multifamily set by closing date to see what else sold near 321 4th Street, Jersey City, New Jersey 07302, United States around 2022. Published consideration for 321 4th Street, Jersey City, New Jersey 07302, United States is $1.5M, dated 2022. Cite this RE/MAX Villa, Realtors Sells Jersey City Multifamily For $1.5M sale when underwriting similar multifamily product around Jersey City, New Jersey.
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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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93