Coldwell Banker Realty Acquires Multifamily Property In Jersey City For $1.435M
SOLD
$1,435,000
New Jersey
See Similar DealsMultiFamily1,599 SF
Sold 07/16/2020
SOLD
Coldwell Banker Realty Acquires Multifamily Property In Jersey City For $1.435M
651 Jersey Avenue, Jersey City, NJ, USA
See Similar DealsMultiFamily1,599 SF
Sold 07/16/2020
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$897
Total Square Footage:1,599 SF
Transaction Type:Sale
The multifamily property located at 651 Jersey Ave in Jersey City has been sold for a price of $1,435,000. The property is situated in a desirable market area and offers potential for a lucrative investment.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,435,000
- Address: 651 Jersey Ave, Jersey City
- Sale Date: 07/16/2021
In this transaction, Jill Biggs from Coldwell Banker Realty represented the buyer, while Pavel Saikin from Trompeter Real Estate represented the seller. Both agents played crucial roles in ensuring a successful deal.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$76,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,098.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,802.63
Annual Debt Service$81,631.59
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