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549 Mercer St, Jersey City,...

Updated Feb 13, 2025

$2.2M MultiFamily Sale At 549 Mercer St, Jersey City, NJ
SOLDMultiFamily

$2.2M MultiFamily Sale At 549 Mercer St, Jersey City, NJ

549 Mercer St, Jersey City, NJ, 07306

$2,200,000

Building Size

—

Asset Type

MultiFamily

Closing

Nov 22, 2023

About this deal

AI

The multi-family buildings located at 458-460 and 549-551 Mercer St. in Jersey City, NJ, were recently sold. The properties consist of 14 residential units and a ground-floor retail space. The transaction was brokered by Capital Realty Associates, with Solomon Halberstam acting as the seller's representative. The undisclosed buyer acquired the buildings for $2,200,000.00, representing a 5 percent capitalization rate.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,200,000.00
  • Address: 549 Mercer St, Jersey City, NJ, 07306
  • Market: Jersey City

Capital Realty Associates, a New Jersey-based firm, facilitated the sale of the multi-family buildings. The properties offer a mix of residential units and a retail space, making them an attractive investment opportunity. Solomon Halberstam played a key role in the transaction by representing the seller and bringing in the undisclosed buyer, showcasing his expertise in real estate deals within the Jersey City market.

On the Map

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$2,200,000

MultiFamily

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Players

Solomon Halberstam

Fernwood Realty Group

Broker

$27.9M

vol

6 deals

Broker

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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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