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
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