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352 5th Street

Brian Henry Acquires Multifamily Property In Downtown Jersey City For $1,365,000
SOLDMultiFamily

Brian Henry Acquires Multifamily Property In Downtown Jersey City For $1,365,000

352 5th Street

$1,365,000

Building Size

Asset Type

MultiFamily

Closing

Sep 13, 2023

AI

This renovated two-family row house in Downtown Jersey City sold for $1,365,000. It features modern amenities, a garden, and terrace, offering a comfortable living space in a vibrant neighborhood.

Summary of transation details

This sale was facilitated by Brian Henry of Boyne Realty, serving as the broker. The property presents a fantastic opportunity for residents to enjoy a renovated two-family row house with modern amenities, including a garden and terrace. Situated in Downtown Jersey City, the vibrant neighborhood adds to the appeal of the property, offering a comfortable living space in a highly sought-after location.

Players

Brian Henry

Boyne Realty

Broker

$12M

vol

7 deals

Broker

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

11.62%

Cash-on-Cash

-3.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93