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Coldwell Banker Realty Represents Buyer In $1.79M Multifamily Sale On Jersey Ave

Property Image
SOLD
$1,790,000
Shaye Lastra
Brian Henry
Jill Biggs

New Jersey

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MultiFamily3,000 SF
Sold
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Property Image
SOLD

Coldwell Banker Realty Represents Buyer In $1.79M Multifamily Sale On Jersey Ave

485 Jersey Ave, Jersey City, NJ 07302, USA

See Similar Deals
MultiFamily3,000 SF
Sold
Shaye Lastra
Brian Henry
Jill Biggs
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$596
Total Square Footage:3000 SF
Transaction Type:Sale

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

Jill Biggs
Coldwell Banker
Jill Biggs
29 deals$51.2M volume
BROKER
Brian Henry
Boyne Realty
Brian Henry
7 deals$12M volume
BROKER
Shaye Lastra
Coldwell Banker
Shaye Lastra
5 deals$8.2M volume
BROKER

Details

SOLD
IMAGE: Brian Henry, Shaye Lastra & Jill Biggs DATE: 10/27/2021 ADDRESS: 485 Jersey Ave MARKET: Jersey City ASSET TYPE: Multifamily BUYER'S REP: Shaye Lastra & Jill Biggs - Coldwell Banker Realty SELLER'S REP: Brian Henry - Boyne Realty SALE PRICE: $1,790,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$95,466.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,359.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,485.51
Annual Debt Service$101,826.16