Weichert, Realtors Acquires Multifamily Property In Jersey City For $1.65M
SOLD
$1,650,000
New Jersey
See Similar DealsMultiFamily
Sold 12/08/2021
SOLD
Weichert, Realtors Acquires Multifamily Property In Jersey City For $1.65M
322 York Street, Jersey City, NJ 07302
See Similar DealsMultiFamily
Sold 12/08/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
322 York St in Jersey City has been sold for $1,650,000. The property is a multifamily asset.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Date: 12/08/2021
- Address: 322 York St
- Market: Jersey City
The sale of 322 York St was facilitated by Daniel Pelosi, Carl Zehms, and Barbare Rofsky from Weichert, Realtors. They represented the buyer and seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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