Updated Oct 2, 2026
Brian Phillips Acquires MultiFamily Property At 56 St Pauls Ave Jersey City For $3,400,000
56 St Pauls Ave & 63 St Pauls Ave
$3,400,000
$123/SF
Building Size
13,757 SF
Asset Type
MultiFamily
Closing
Jul 2, 2020
About this deal
AI
The asset involved in this transaction is a MultiFamily property located at 56 St Pauls Ave in the Jersey City market. The property was sold for $3,400,000.00, encompassing a total square footage of 13,757.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,400,000.00
- Address: 56 St Pauls Ave
- Market: Jersey City
- Square Footage: 13,757.0
- Buyer: Brian Phillips
- Seller: Alex Tupaz
- Broker: Steven Matovski - Redwood Realty Advisors
This transaction highlights the roles of key individuals, with Brian Phillips acting as the buyer and Alex Tupaz as the seller. The brokerage representation was provided by Steven Matovski from Redwood Realty Advisors, who facilitated the deal.
On the Map
$3,400,000
$123/SF
MultiFamily
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Players
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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93