Keller Williams City Life JC Realty Represents Buyer In $1.3M Multifamily Sale In Jersey City
SOLD
$1,308,999
New Jersey
See Similar DealsMultiFamily2,949 SF
Sold 05/07/2021
SOLD
Keller Williams City Life JC Realty Represents Buyer In $1.3M Multifamily Sale In Jersey City
345 Communipaw Ave, Jersey City, NJ, USA
See Similar DealsMultiFamily2,949 SF
Sold 05/07/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$443
Total Square Footage:2,949 SF
Transaction Type:Sale
A multifamily property located at 345 Communipaw Ave in Jersey City has been sold for a total price of $1,308,999. The transaction took place on 05/07/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,308,999
The sale of this multifamily property was facilitated by Erin & Russell Downs, brokers from Keller Williams City Life JC Realty. They represented the buyer and seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,813.30
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,650.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,205.32
Annual Debt Service$74,463.88
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