West Hoboken Residential Acquires Multifamily Property On Belmont Avenue In Jersey City For $995K
43 Belmont Avenue
$995,000
$248/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Sep 30, 2022
AI
The multifamily property located at 43.5 Belmont Avenue in Jersey City, NJ has recently been sold in a closed transaction. The property consists of 2 units with a total area of 4,000 square feet. The sale price for this property was $995,000, resulting in a price per unit of $497,500. The price per square foot was calculated at $249.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $995,000
- Units: 2
- Price Per Unit: $497,500
- Square Footage: 4,000
- Price Per Square Foot: $249
- Market: Jersey City, NJ
Kelly Bastidas from West Hoboken Residential represented the buyer in this transaction, while Steven Caraccio, also from West Hoboken Residential, represented the seller. Kelly Bastidas can be contacted at [email protected] for any off-market investments in Hudson County.
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
15.94%
Cash-on-Cash
-4.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93