Updated Sep 9, 2024
Keller Williams City Life JC Realty Represents Buyer In $1.3M Multifamily Sale In Jersey City
345 Communipaw Ave, Jersey City, NJ, USA
$1,308,999
$443/SF
Building Size
2,949 SF
Asset Type
MultiFamily
Closing
May 6, 2021
About this deal
AI
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.
The multifamily sale at 345 Communipaw Ave, Jersey City, NJ, USA in Jersey City, New Jersey sold for $1.3M in 2021. The building is 2,949 square feet, implying about 443 per square foot on the published price. Russell Downs, Erin Downs, Lifestyle International Realty, Keller Williams Realty appear on the sale alongside Lifestyle International Realty, Keller Williams Realty. This page is the Jersey City, New Jersey file for the 345 Communipaw Ave, Jersey City, NJ, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Jersey City sit in the Market section below. Filter that Jersey City multifamily set by closing date to see what else sold near 345 Communipaw Ave, Jersey City, NJ, USA around 2021. Published consideration for 345 Communipaw Ave, Jersey City, NJ, USA is $1.3M, dated 2021. Cite this Keller Williams City Life JC Realty Represents Buyer In $1.3M Multifamily Sale In Jersey City sale when underwriting similar multifamily product around Jersey City, New Jersey.
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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
12.12%
Cash-on-Cash
-3.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93