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
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.
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
12.12%
Cash-on-Cash
-3.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93