Updated Oct 25, 2024
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.
New Jersey 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
6.78%
Cash-on-Cash
-1.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93