Coldwell Banker Realty Acquires Multifamily Property In Jersey City For $1.435M
651 Jersey Avenue, Jersey City, NJ, USA
$1,435,000
$897/SF
Building Size
1,599 SF
Asset Type
MultiFamily
Closing
Jul 16, 2020
AI
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
Gloucester 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
11.05%
Cash-on-Cash
-3.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93