facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Multifamily

/

Sale

/

432 2nd Street

Updated Dec 4, 2024

Zohar Zamir Sells Multifamily Property In Jersey City For $1.05M
SOLDMultiFamily

Zohar Zamir Sells Multifamily Property In Jersey City For $1.05M

432 2nd Street

$1,050,000

Units

3

Asset Type

MultiFamily

Closing

May 31, 2024

About this deal

AI

432 2nd Street, a multifamily property located in downtown Jersey City, was recently sold for $1,050,000. This meticulously maintained three-unit building offers a prime investment opportunity in a historic area. The property has great potential for condo conversion and is conveniently situated close to NYC transportation routes and amenities.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Units: 3
  • Price Per Unit: $350,000
  • Address: 432 2nd Street, Jersey City
  • Market: Jersey City
  • Broker: Zohar Zamir - Keller Williams Village Square Realty

Zohar Zamir from Keller Williams Village Square Realty facilitated the sale of 432 2nd Street. The property presents an attractive investment opportunity with its potential for condo conversion and its strategic location in downtown Jersey City.

Players

Zohar Zamir

Keller Williams Realty

Broker

$2.8M

vol

2 deals

Broker

Jersey City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $350K per unit across 3 units on a published $1.1M (2024).

Visit Zohar Zamir to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets