Updated Dec 21, 2023
Better Real Estate LLC Acquires Multifamily Property In Jersey City For $1.26M
373 Monmouth Street, Jersey City, New Jersey 07302, United States
$1,260,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 29, 2022
About this deal
AI
The multifamily property located at 373 Monmouth Street in Jersey City has been sold. The transaction took place on 03/30/2022 for a sale price of $1,260,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,260,000
- Address: 373 Monmouth Street, Jersey City
- Market: Jersey City
The buyer's representative in this deal was Corey Jones from Better Real Estate LLC, while the seller's representative was Kash Vaidya from REDFIN Corporation.
The multifamily sale at 373 Monmouth Street, Jersey City, New Jersey 07302, United States in Jersey City, New Jersey sold for $1.3M in 2022. 373 Monmouth Street, Jersey City, New Jersey 07302, United States is classified as Multifamily on Traded. Kash Vaidya, Corey Jones, Redfin, Compass appear on the sale alongside Redfin, Compass. This page is the Jersey City, New Jersey file for the 373 Monmouth Street, Jersey City, New Jersey 07302, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Jersey City sit in the Market section below. Filter that Jersey City multifamily set by closing date to see what else sold near 373 Monmouth Street, Jersey City, New Jersey 07302, United States around 2022. Published consideration for 373 Monmouth Street, Jersey City, New Jersey 07302, United States is $1.3M, dated 2022. Cite this Better Real Estate LLC Acquires Multifamily Property In Jersey City For $1.26M sale when underwriting similar multifamily product around Jersey City, New Jersey.
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
12.59%
Cash-on-Cash
-3.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93