Silver And Oak Realty Acquires Multifamily Property In Jersey City For $1.146M
370 2nd St, Jersey City, NJ 07302, USA
$1,146,000
$458/SF
Building Size
2,498 SF
Asset Type
MultiFamily
Closing
Jan 24, 2021
AI
A multifamily property located at 370 1/2 2nd St in Jersey City has been sold for $1,146,000. The transaction took place on January 25, 2021. The property was listed by Erik Kokko of Weichert, Realtors, while Vincent Ho of Silver And Oak Realty, LLC represented the buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,146,000
- Address: 370 1/2 2nd St
- Market: Jersey City
Vincent Ho of Silver And Oak Realty, LLC assisted the buyer in this transaction, while Erik Kokko of Weichert, Realtors represented the seller.
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
13.84%
Cash-on-Cash
-3.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93