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332 Communipaw Avenue, Berg...

Steve Kalcanides Acquires Multifamily Property In Bergen-Lafayette, Jersey City For $1.1M
SOLDMultiFamily

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

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].

Players

Tyrell Brown

West Hoboken Residential

Broker

$3.6M

vol

2 deals

Broker

Jersey City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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