West Hoboken Residential Sells Turn Key Multifamily Property In Jersey City For $999.9K
SOLD
$999,900
New Jersey
See Similar DealsMultiFamily2,500 SF
Sold 05/31/2022
SOLD
West Hoboken Residential Sells Turn Key Multifamily Property In Jersey City For $999.9K
54 Prospect Street, Jersey City, New Jersey 07307, United States
See Similar DealsMultiFamily2,500 SF
Sold 05/31/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$400
Total Square Footage:2,500 SF
Transaction Type:Sale
A two-family multifamily property located at 54 Prospect St in Jersey City has been sold for a price of $999,900. The transaction was facilitated by brokers Christian Bastidas and Natalia Diamantopoulos from West Hoboken Residential. The property features a total of 2 units, with a price per unit of $499,950. It spans a total area of 2,500 square feet, resulting in a price per square foot of $400.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $999,900
- Address: 54 Prospect St
- Market: Jersey City
- Brokers: Christian Bastidas & Natalia Diamantopoulos - West Hoboken Residential
- Units: 2
- Price Per Unit: $499,950
- Square Footage: 2,500
- Price Per Square Foot: $400
This off-market transaction was a turnkey sale, with the property being sold by Christian Bastidas and Natalia Diamantopoulos from West Hoboken Residential. For more information on off-market properties, please contact West Hoboken Residential at [email protected].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,328.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.04
Annual Debt Service$56,880.43
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