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51 Seaview Ave Jersey City,...

Updated Oct 25, 2024

Mona Roberts Acquires Multifamily Property On Seaview Avenue In Jersey City For $2.34M
SOLDMultiFamily

Mona Roberts Acquires Multifamily Property On Seaview Avenue In Jersey City For $2.34M

51 Seaview Ave Jersey City, NJ 07305, USA

$2,340,000

$441/SF

Building Size

5,298 SF

Asset Type

MultiFamily

Closing

Jun 8, 2023

About this deal

AI

A record price per square foot sale for the Greenville Section of Jersey City, 51-53 Seaview Avenue, a multifamily property, was recently sold in a closed transaction. The property consists of 4 units and spans across 5,298 square feet. The sale price of $2,340,000 resulted in a price per unit of $585,000 and a price per square foot of $442. The property offers a great floorplan, luxurious finishes, outdoor space, and parking.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,340,000
  • Units: 4
  • Price per Unit: $585,000
  • Square Footage: 5,298
  • Price per Square Foot: $442

In this successful transaction, Mona Roberts acquired the property from Sol Sinay. The deal was facilitated by Alena Ciccarelli from Christie's International Real Estate, who acted as the broker for both the buyer and the seller throughout the process. Alena Ciccarelli provided consulting services to the developer from start to finish, ensuring the successful sale of this new construction project at a record price. The property's luxurious features, well-designed floorplan, outdoor space, and parking amenities contributed to its high market value.

Players

Alena Ciccarelli

Christie's International Real Estate

Broker

$18.3M

vol

10 deals

Broker

New Jersey MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $441 per square foot on a published $2.3M for 5,298 square feet (2023).

Visit Alena Ciccarelli to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.78%

Cash-on-Cash

-1.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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