374 Princeton Avenue Multifamily Sold For $1.275M With Brokers Freddy Jaramillo & Megan Gulick
374 Princeton Avenue
$1,275,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 13, 2024
AI
374 Princeton Avenue in Jersey City consists of two newly renovated multifamily residences with modern amenities and direct NYC access. The sale price is $1,275,000. The properties feature expansive layouts, private outdoor spaces, and luxury finishes, highlighting the growing appeal of the area.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,275,000
- Address: 374 Princeton Avenue
- Market: Jersey City
- Brokers: Freddy Jaramillo & Megan Gulick - Corcoran Sawyer Smith
Freddy Jaramillo and Megan Gulick from Corcoran Sawyer Smith represented the properties in this transaction, showcasing their expertise in the multifamily market sector of Jersey City. The deal reflects the demand for renovated properties with convenient access to New York City.
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
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93