Updated Dec 20, 2023
RE/MAX Home Experts Sells 20-Unit Multifamily In Jersey City For $3.4M
3388 John F Kennedy Boulevard, Jersey City, New Jersey 07307, United States
$3,400,000
Units
20
Asset Type
MultiFamily
Closing
Aug 30, 2022
About this deal
AI
An multifamily property located at 3388 John F Kennedy Blvd in Jersey City was recently sold for a total price of $3,400,000. The property consists of 20 units, making the price per unit approximately $170,000. This transaction took place on 08/31/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,400,000
- Address: 3388 John F Kennedy Blvd
- Market: Jersey City
- Units: 20
- Price Per Unit: $170,000
The sale was facilitated by Janusz Gajda from RE/MAX Home Experts, who represented the buyer and seller in this transaction.
Players
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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93