West Hoboken Residential Sells Turn Key Multifamily Property In Jersey City For $999.9K
54 Prospect Street, Jersey City, New Jersey 07307, United States
$999,900
$400/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
May 30, 2022
AI
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].
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93