Updated Dec 9, 2025
Chris Yegen Acquires Multifamily Asset At 475 Communipaw Avenue Jersey City For $16.5M
475 Communipaw Avenue
$16,500,000
$384/SF
Building Size
42,929 SF
Asset Type
MultiFamily
Closing
Nov 12, 2025
About this deal
AI
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.
On the Map
$16,500,000
$384/SF
MultiFamily
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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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93