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63 Oak Street

Tony Nabhan Facilitates $1.3M Sale Of Multifamily Asset In Jersey City
SOLDMultiFamily

Tony Nabhan Facilitates $1.3M Sale Of Multifamily Asset In Jersey City

63 Oak Street

$1,300,000

Building Size

Asset Type

MultiFamily

Closing

May 27, 2024

AI

The prime multifamily asset at 63 Oak Street in Jersey City was sold for $1,300,000. Situated in the Bergen/Lafayette section, the property comprises eight units, each featuring two bedrooms and one bathroom. With significant value-add potential, this asset also offers convenient access to New York City.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Units: 8
  • Price Per Unit: $162,500
  • Address: 63 Oak Street
  • Market: Jersey City

Tony Nabhan from Keller Williamsfacilitated the sale of the property. Representing the deal, Tony played a crucial role in the transaction, ensuring a successful outcome for all parties involved.

Players

Tony Nabhan

Keller Williams Realty

Broker

$18.8M

vol

8 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93