facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Multifamily

/

Sale

/

579 Jersey Avenue

Jersey City Multifamily Property At 579 Jersey Avenue Sells For $1.26M With Buyer's Rep Quanfeng Zhu & Seller's Rep Amar Mody
SOLDMultiFamily

Jersey City Multifamily Property At 579 Jersey Avenue Sells For $1.26M With Buyer's Rep Quanfeng Zhu & Seller's Rep Amar Mody

579 Jersey Avenue

$1,260,000

Building Size

Asset Type

MultiFamily

Closing

Nov 15, 2023

AI

In Jersey City, a multifamily property located at 579 Jersey Avenue recently underwent a sales transaction. The property, featuring multiple residential units, was sold for a price of $1,260,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,260,000
  • Date: 11/15/2023
  • Address: 579 Jersey Avenue
  • Market: Jersey City

Representing the buyer in this deal was Quanfeng Zhu from Keller Williams City Views. On the other hand, the seller was represented by Amar Mody from Prominent Properties Sotheby's International Realty.

This transaction serves as a testament to the active real estate market in Jersey City, with the involvement of experienced professionals such as Quanfeng Zhu and Amar Mody.

Players

Amar Mody

Sotheby's International Realty

Broker

$27M

vol

7 deals

Broker

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

12.59%

Cash-on-Cash

-3.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93