Coldwell Banker Realty Represents Buyer In $1.79M Multifamily Sale On Jersey Ave
485 Jersey Ave, Jersey City, NJ 07302, USA
$1,790,000
$596/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Oct 27, 2021
AI
The multifamily property located at 485 Jersey Ave in Jersey City has been sold for $1,790,000. The property features multiple residential units and is situated in the vibrant market of Jersey City.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,790,000
- Address: 485 Jersey Ave, Jersey City
- Market: Jersey City
Shaye Lastra & Jill Biggs from Coldwell Banker Realty represented the buyer in this transaction, while Brian Henry from Boyne Realty represented the seller.
These dedicated professionals played a crucial role in facilitating the successful sale of the property at 485 Jersey Ave, ensuring a smooth transaction for all parties involved.
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
8.86%
Cash-on-Cash
-2.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93