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46 Coles Street

Multifamily Property At 46 Coles Street, Jersey City, Sold For $1.46M With Buyer's Rep Richard Crooks & Seller's Rep Daniel Spitz
SOLDMultiFamily

Multifamily Property At 46 Coles Street, Jersey City, Sold For $1.46M With Buyer's Rep Richard Crooks & Seller's Rep Daniel Spitz

46 Coles Street

$1,460,000

Building Size

Asset Type

MultiFamily

Closing

Oct 10, 2023

AI

A multifamily property located at 46 Coles Street in Jersey City has been sold for $1.46 million. The property, represented by Richard Crooks of Douglas Elliman on behalf of the buyer and Daniel Spitz of eXp Realty acting as the seller's representative, is a notable asset in the market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,460,000
  • Date: 10/10/2023
  • Address: 46 Coles Street
  • Market: Jersey City

This transaction involved Richard Crooks of Douglas Elliman representing the buyer and Daniel Spitz of eXp Realty representing the seller. Both brokers played a crucial role in finalizing the sale of this multifamily property at 46 Coles Street in Jersey City. Through their expertise and negotiations, the deal was successfully closed.

Note: A multifamily property at 46 Coles Street, Jersey City, was sold for $1.46 million, with representation by Richard Crooks of Douglas Elliman for the buyer and Daniel Spitz of eXp Realty for the seller.

Players

Daniel Spitz

Captivate Real Estate Group

Broker

$13.7M

vol

9 deals

Broker

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

10.87%

Cash-on-Cash

-3.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93