Updated Dec 19, 2023
Jennifer Coco, Erik Goldfarb & Michael Klein Acquire Multifamily Property In Jersey City, NJ For $1.55M
59 Wayne Street, Jersey City, NJ 07302, USA
$1,550,000
$620/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Oct 8, 2021
About this deal
AI
Located at 59 Wayne St in Jersey City, NJ, this multifamily property was recently sold in a closed transaction. The sale took place on 10/08/2021, with a sale price of $1,550,000. Jennifer Coco and Erik Goldfarb from eXp Realty represented the buyer, while Michael Klein from Liberty Realty LLC represented the seller.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Address: 59 Wayne St, Jersey City, NJ
- Market: Jersey City, NJ
Jennifer Coco and Erik Goldfarb from eXp Realty played a crucial role as the buyer's representatives in this transaction. On the other hand, Michael Klein, from Liberty Realty LLC, acted as the seller's representative. Their expertise and negotiation skills were instrumental in facilitating this successful sale.
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93