Mark Trompeter's Trompeter Real Estate Sells Multifamily Property In Jersey City, NJ For $1.5M
SOLD
$1,500,000
New Jersey
See Similar DealsMultiFamily1,002 SF
Sold 08/16/2021
SOLD
Mark Trompeter's Trompeter Real Estate Sells Multifamily Property In Jersey City, NJ For $1.5M
4 West Hamilton Place, Jersey City, NJ, USA
See Similar DealsMultiFamily1,002 SF
Sold 08/16/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$1,497
Total Square Footage:1,002 SF
Transaction Type:Sale
The multifamily property located at 4 W Hamilton Pl in Jersey City, NJ was recently sold for $1,500,000. The sale took place on 08/16/2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 4 W Hamilton Pl, Jersey City, NJ
- Market: Jersey City, NJ
The transaction was brokered by Mark Trompeter from Trompeter Real Estate. Mark Trompeter represented the buyer or seller in this deal.
Mark Trompeter, from Trompeter Real Estate, played a key role in facilitating the sale of this multifamily property in Jersey City, NJ.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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