Updated Dec 19, 2023
Weichert Realtors Sells Multifamily Property On Grace St, Jersey City For $1.05M
36 Grace Street, Jersey City, New Jersey 07307, United States
$1,050,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 23, 2022
About this deal
AI
Located at 36 Grace St in Jersey City, this multifamily property was recently sold in a closed transaction. The sale was facilitated by Tiffanie Grinage & Daniel Pelosi from Weichert Realtors, representing the sellers, and Umar Khawaja from eRealty Advisors, representing the buyers.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
The sellers were represented by Tiffanie Grinage & Daniel Pelosi from Weichert Realtors, while the buyers were represented by Umar Khawaja from eRealty Advisors.
The multifamily sale at 36 Grace Street, Jersey City, New Jersey 07307, United States in Jersey City, New Jersey sold for $1.1M in 2022. 36 Grace Street, Jersey City, New Jersey 07307, United States is classified as Multifamily on Traded. Umar Khawaja, Tiffanie Grinage, Daniel Pelosi, Weichert Realtors appear on the sale alongside Weichert Realtors. This page is the Jersey City, New Jersey file for the 36 Grace Street, Jersey City, New Jersey 07307, United States 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 36 Grace Street, Jersey City, New Jersey 07307, United States around 2022. Published consideration for 36 Grace Street, Jersey City, New Jersey 07307, United States is $1.1M, dated 2022. Cite this Weichert Realtors Sells Multifamily Property On Grace St, Jersey City For $1.05M sale when underwriting similar multifamily product around Jersey City, New Jersey.
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93