Chris Yegen Acquires Multifamily Asset At 475 Communipaw Avenue Jersey City For $16.5M
SOLD
$16,500,000
New Jersey
See Similar DealsMultiFamily42,929 SF
Sold 11/13/2025
SOLD
Chris Yegen Acquires Multifamily Asset At 475 Communipaw Avenue Jersey City For $16.5M
475 Communipaw Avenue
See Similar DealsMultiFamily42,929 SF
Sold 11/13/2025
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$384
Total Square Footage:42,929 SF
Transaction Type:Sale
This multifamily property located at 475 Communipaw Avenue in Jersey City has 42 units with a total square footage of 42,929. The sale price for this property was $16,500,000, resulting in a per unit price of $392,857.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $16,500,000
- Units: 42
- Price Per Unit: $392,857
- Square Footage: 42,929
- Buyer: Chris Yegen
- Seller: 475 Communipaw Junction LLC
- Broker: David Ferber - Matthews
The transaction involved Chris Yegen as the buyer and 475 Communipaw Junction LLC as the seller, with David Ferber representing the broker side of the deal through Matthews.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$880,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$58,621.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,218.42
Annual Debt Service$938,621.01
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