Keller Williams Acquires MultiFamily Property On Central Avenue In Jersey City For $3.3M
SOLD
$3,300,000
New Jersey
See Similar DealsMultiFamily7,900 SF
Sold 08/23/2023
SOLD
Keller Williams Acquires MultiFamily Property On Central Avenue In Jersey City For $3.3M
335 Central Ave Jersey City, NJ 07307, USA
See Similar DealsMultiFamily7,900 SF
Sold 08/23/2023
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$417
Total Square Footage:7,900 SF
Transaction Type:Sale
The property involved in this transaction is a MultiFamily asset located at 335 Central Avenue in Jersey City. It consists of 8 units with a total square footage of 7,900. The sale price for this property was $3,300,000, resulting in a price per unit of $412,500 and a price per square foot of $418.
Summary of Transaction Details:
- Property Type: MultiFamily
- Transaction Amount: $3,300,000
- Units: 8
- Price per Unit: $412,500
- Square Footage: 7,900
- Price per Square Foot: $418
- Address: 335 Central Avenue, Jersey City
The buyer's representative for this deal was Tom Misuraca from Keller Williams.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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