Updated Dec 20, 2023
Steve Kalcanides Acquires Multifamily Property In Bergen-Lafayette, Jersey City For $1.1M
332 Communipaw Avenue, Bergen-Lafayette, Jersey City, NJ, USA
$1,110,000
$482/SF
Building Size
2,300 SF
Asset Type
MultiFamily
Closing
Dec 22, 2020
About this deal
AI
Located in Bergen-Lafayette, Jersey City, a multifamily property at 332 Communipaw Avenue has recently been sold for $1,110,000. This property consists of three units, with an average price per unit of $366,666. The total square footage of the property is 2,300, resulting in a price per square foot of $478.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,110,000
- Address: 332 Communipaw Avenue
- Market: Bergen-Lafayette, Jersey City
- Number of Units: 3
- Price per Unit: $366,666
- Total Square Footage: 2,300
- Price per Square Foot: $478
Steve Kalcanides is the buyer of this property. The transaction was facilitated by broker Tyrell Brown from West Hoboken Residential. For more information on investment opportunities in New Jersey, please email [email protected].
On the Map
$1,110,000
$482/SF
MultiFamily
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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
14.29%
Cash-on-Cash
-4.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93