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Jill Biggs Acquires Multifamily Property In Jersey City For $1.2M

Property Image
SOLD
$1,200,000
Joan Koehler
Philip (Phil) Rivo
Jill Biggs

New Jersey

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MultiFamily2,119 SF
Sold 10/08/2021
the dealplayerscompscontact
Property Image
SOLD

Jill Biggs Acquires Multifamily Property In Jersey City For $1.2M

371 Monmouth St, Jersey City, NJ, USA

See Similar Deals
MultiFamily2,119 SF
Sold 10/08/2021
Joan Koehler
Philip (Phil) Rivo
Jill Biggs
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$566
Total Square Footage:2,119 SF
Transaction Type:Sale

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

Jill Biggs
Coldwell Banker
Jill Biggs
29 deals$51.2M volume
BROKER
Philip (Phil) Rivo
Armagno Agency
Philip Rivo
3 deals$4M volume
BROKER
Joan Koehler
Joan Koehler
1 deal$1.2M volume
BROKER

Details

SOLD
IMAGE: Jill Biggs, Joan Koehler & Philip Rivo DATE: 10/08/2021 ADDRESS: 371 Monmount St MARKET: Jersey City ASSET TYPE: Multifamily BUYER'S REP: Jill Biggs - Coldwell Banker Realty SELLER'S REP: Joan Koehler & Philip Rivo - Armagno Agency Inc SALE PRICE: $1,200,000 UNITS: 2 ~ PPU: $600,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35