SOLDMultiFamily
Dennis McGill III Sells Multifamily Property In Jersey City For $1.2M
362 Pacific Avenue, Jersey City, NJ 07304, USA
$1,200,000
$600/SF
Building Size
1,999 SF
Asset Type
MultiFamily
Closing
Mar 29, 2021
AI
A multifamily property located at 362 Pacific Ave in Jersey City was recently sold for $1,200,000. This property consists of 4 units, making the price per unit $300,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 362 Pacific Ave
- Market: Jersey City
The sale was facilitated by Dennis McGill III from Weichert, Realtors acting as the broker in this transaction.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93