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374 Princeton Avenue

374 Princeton Avenue Multifamily Sold For $1.275M With Brokers Freddy Jaramillo & Megan Gulick
SOLDMultiFamily

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

Megan Gulick

The Corcoran Group

Broker

$6.7M

vol

5 deals

Broker

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