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3650 John F Kennedy Boulevard

West Hoboken Residential Facilitates $1.7M Off-Market Multifamily Sale In Jersey City
SOLDMultiFamily

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

Christian Bastidas

West Hoboken Residential

Broker

$10.1M

vol

10 deals

Broker

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