Keller Williams Acquires MultiFamily Property On Central Avenue In Jersey City For $3.3M
335 Central Ave Jersey City, NJ 07307, USA
$3,300,000
$417/SF
Building Size
7,900 SF
Asset Type
MultiFamily
Closing
Aug 23, 2023
AI
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.
Market 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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93