Weichert Realtors Sells Multifamily Property On Grace St, Jersey City For $1.05M
SOLD
$1,050,000
New Jersey
See Similar DealsMultiFamily
Sold
SOLD
Weichert Realtors Sells Multifamily Property On Grace St, Jersey City For $1.05M
36 Grace Street, Jersey City, New Jersey 07307, United States
See Similar DealsMultiFamily
Sold
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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