West Hoboken Residential Facilitates $1.7M Off-Market Multifamily Sale In Jersey City
3650 John F Kennedy Boulevard
$1,700,000
$467/SF
Building Size
3,639 SF
Asset Type
MultiFamily
Closing
Jan 17, 2024
AI
A multifamily property located at 3650 John F Kennedy Boulevard in Jersey City has been sold in an off-market transaction. The property consists of 2 units with a total square footage of 3,639. The sale price for the property was $1,700,000, resulting in a price per unit of $850,000 and a price per square foot of $467.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Number of Units: 2
- Price per Unit: $850,000
- Square Footage: 3,639
- Price per Square Foot: $467
- Address: 3650 John F Kennedy Boulevard, Jersey City
The sale of this property was facilitated by Christian Bastidas, Angelo Del Monaco, and Steven Caraccio from West Hoboken Residential. They are experienced brokers who handle various types of real estate transactions, including new construction, condo conversion, and multi-family properties in Hudson County. For sellers interested in conducting off-market transactions, Christian and Angelo can be contacted at [email protected] and [email protected].
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93