Jill Biggs Acquires Multifamily Property In Jersey City For $1.2M
371 Monmouth St, Jersey City, NJ, USA
$1,200,000
$566/SF
Building Size
2,119 SF
Asset Type
MultiFamily
Closing
Oct 8, 2021
AI
The multifamily property located at 371 Monmount St in Jersey City has been sold for a total of $1,200,000. This transaction took place on 10/08/2021. The property consists of 2 units, resulting in a per unit price of $600,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 2
- Price per Unit: $600,000
Jill Biggs from Coldwell Banker Realty represented the buyer in this deal, while Joan Koehler & Philip Rivo from Armagno Agency Inc acted as the seller's representatives.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93