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335 Central Ave Jersey City...

Keller Williams Acquires MultiFamily Property On Central Avenue In Jersey City For $3.3M
SOLDMultiFamily

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.

Players

Tom Misuraca

Keller Williams Realty

Broker

$30.7M

vol

13 deals

Broker

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