RE/MAX Villa, Realtors Sells Jersey City Multifamily For $1.5M
SOLD
$1,500,000
New Jersey
See Similar DealsMultiFamily
Sold 02/17/2022
SOLD
RE/MAX Villa, Realtors Sells Jersey City Multifamily For $1.5M
321 4th Street, Jersey City, New Jersey 07302, United States
See Similar DealsMultiFamily
Sold 02/17/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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