Updated Oct 2, 2026
Steven Gelb Purchases 53 Wright Ave Multifamily Property In Jersey City From Alex Tupaz For $1,950,000
53 Wright Ave
$1,950,000
$162/SF
Building Size
12,000 SF
Asset Type
MultiFamily
Closing
Apr 30, 2019
About this deal
AI
The property involved in this transaction is located at 53 Wright Ave, Jersey City. It is classified as a MultiFamily asset, encompassing a total area of 12,000 square feet. The transaction was finalized for a price of $1,950,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,950,000.00
- Address: 53 Wright Ave
- Market: Jersey City
- Square Footage: 12,000.0
- Buyer: Steven Gelb
- Seller: Alex Tupaz
- Broker: Steven Matovski - Redwood Realty Advisors
This transaction involved Steven Gelb as the buyer and Alex Tupaz as the seller, with Steven Matovski from Redwood Realty Advisors acting as the broker representing the seller in the deal.
On the Map
$1,950,000
$162/SF
MultiFamily
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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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93