Updated Dec 4, 2024
Compass Acquires Multifamily Property In Jersey City For $1.6M
462 Monmouth Street
$1,600,000
$444/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Oct 18, 2023
About this deal
AI
The multifamily property located at 462 Monmouth Street in Jersey City has been sold for a price of $1,600,000. This property consists of 4 units, resulting in a price per unit (PPU) of $400,000. The total square footage of this property is 3,600, with a price per square foot (PPSF) of $444.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Units: 4
- Price per Unit (PPU): $400,000
- Square Footage: 3,600
- Price per Square Foot (PPSF): $444
- Market: Jersey City
The buyer's representative in this transaction is Steven Schulman from Compass, while the seller's representative is Robert Dekanski from REMAX 1st Advantage.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93