Coldwell Banker Residential Brokerage Brokers Acquire Multifamily Property In Jersey City For $1.25M
SOLD
$1,250,000
New Jersey
See Similar DealsMultiFamily1,297 SF
Sold 06/01/2020
SOLD
Coldwell Banker Residential Brokerage Brokers Acquire Multifamily Property In Jersey City For $1.25M
431 Jersey Ave, Jersey City, NJ, USA
See Similar DealsMultiFamily1,297 SF
Sold 06/01/2020
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$963
Total Square Footage:1,297 SF
Transaction Type:Sale
The multifamily property located at 431 Jersey Ave in Jersey City was recently sold for a price of $1,250,000. This property, situated in the bustling market of Jersey City, offers great potential for investors seeking a multifamily asset.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 431 Jersey Ave, Jersey City
- Market: Jersey City
The sale was facilitated by Soo Jin Jung and Jill Biggs from Coldwell Banker Residential Brokerage. They acted as brokers in the transaction, representing the parties involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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