Coldwell Banker Residential Brokerage Brokers Acquire Multifamily Property In Jersey City For $1.25M
431 Jersey Ave, Jersey City, NJ, USA
$1,250,000
$963/SF
Building Size
1,297 SF
Asset Type
MultiFamily
Closing
Jun 1, 2020
AI
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.
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93