Updated Sep 5, 2024
Weichert, Realtors Acquires Multifamily Property In Jersey City For $1.3M
353 1/2 5th Street, Jersey City, NJ, USA
$1,300,000
$805/SF
Building Size
1,615 SF
Asset Type
MultiFamily
Closing
Apr 16, 2020
About this deal
AI
A multifamily property located at 353 1/2 5th St in Jersey City has been sold for $1,300,000. The transaction took place on April 16, 2021. The property consists of 2 units, with each unit priced at approximately $650,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 353 1/2 5th St, Jersey City
- Market: Jersey City
- Brokers: Francisco Velez Jr. & Geza Gulas - Weichert, Realtors
Francisco Velez Jr. and Geza Gulas, representing Weichert, Realtors, assisted in facilitating the sale of this multifamily property.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93