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
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
12.59%
Cash-on-Cash
-3.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93