61 Newkirk Management Sells Multifamily Property In Jersey City, NJ For $979,000
43 Belmont Avenue
$979,000
$244/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Sep 30, 2022
AI
A multifamily property located at 43 Belmont Avenue in Jersey City, NJ has been sold. The property consists of 2 units with a total of 4,000 square feet. The sale price for this transaction was $979,000, resulting in a price per unit of $489,500. The price per square foot is $245. The seller of the property was 61 Newkirk Management.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $979,000
- Address: 43 Belmont Avenue, Jersey City, NJ
- Units: 2
- Price per Unit: $489,500
- Square Footage: 4,000
- Price per Square Foot: $245
- Seller: 61 Newkirk Management
Francine Lauri from Corcoran Sawyer Smith represented the buyer in this transaction. Christian Bastidas and Steven Caraccio from West Hoboken Residential served as the seller's representatives.
For off-market deals, inquiries can be directed to [email protected].
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.20%
Cash-on-Cash
-4.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93