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

Property Image
SOLD
$1,275,000
Megan Gulick
Freddy Jaramillo

New Jersey

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MultiFamily
Sold 09/13/2024
the dealplayerscompscontact
Property Image
SOLD

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

374 Princeton Avenue

See Similar Deals
MultiFamily
Sold 09/13/2024
Megan Gulick
Freddy Jaramillo
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

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
Megan Gulick
5 deals$6.7M volume(551) 697-5158
BROKER
Freddy Jaramillo
The Corcoran Group
Freddy Jaramillo
1 deal$1.3M volume(305) 606-9551
BROKER

Details

SOLD
IMAGE: Freddy Jaramillo & Megan Gulick DATE: 09/13/2024 ADDRESS: 374 Princeton Avenue MARKET: Jersey City ASSET TYPE: Multifamily BROKERS: Freddy Jaramillo (@i_see_iit) & Megan Gulick (@MeganGulickrealestate) - Corcoran Sawyer Smith (@CorcoranSawyerSmith) SALE PRICE: $1,275,000 NOTE: 374 Princeton Avenue in Jersey City sold for $1.275 million, featuring two newly renovated multifamily residences with modern amenities and direct NYC access. The properties, listed by Megan Gulick and Freddy Jaramillo of Corcoran Sawyer Smith, include expansive layouts, private outdoor spaces, and luxury finishes, reflecting the area's growing appeal.

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

$67,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,529.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,044.15
Annual Debt Service$72,529.81