Updated Dec 21, 2023
Liberty Realty LLC Represents Buyer In $1.55M Multifamily Sale On Jersey Ave, Jersey City
648 Jersey Ave, Jersey City, NJ, USA
$1,550,000
$1,149/SF
Building Size
1,349 SF
Asset Type
MultiFamily
Closing
Apr 14, 2021
About this deal
AI
A multifamily property located at 648 Jersey Ave in Jersey City has recently been sold for $1,550,000. The transaction took place on April 15, 2021, with David Tobias from Liberty Realty LLC representing the buyer and Phil Rivo from Armagno Agency Inc representing the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Address: 648 Jersey Ave, Jersey City
- Market: Jersey City
The sale of this multifamily property was facilitated by David Tobias of Liberty Realty LLC, who represented the buyer, and Phil Rivo of Armagno Agency Inc, who represented the seller. The property boasts various features and characteristics that make it an attractive investment opportunity.
On the Map
$1,550,000
$1,149/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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93