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
- Property Type: Multifamily
- Transaction Amount: $1,365,000
- Image: Brian Henry
- Date: 09/13/2023
- Address: 352 5th Street
- Market: Jersey City
- Broker: Brian Henry - Boyne Realty
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
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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