facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Multifamily

/

Sale

/

663 Summit Avenue

Compass Represents Buyer In $1.26M Multifamily Property Acquisition In Jersey City
SOLDMultiFamily

Compass Represents Buyer In $1.26M Multifamily Property Acquisition In Jersey City

663 Summit Avenue

$1,260,000

Building Size

Asset Type

MultiFamily

Closing

Jan 12, 2024

AI

In Jersey City, a multifamily property at 663 Summit Avenue was acquired for a sale price of $1,260,000. The property is located in the market of Jersey City.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,260,000
  • Address: 663 Summit Avenue
  • Market: Jersey City

The buyer's representative in this transaction was Marcus Pinto, who works for Compass. The seller's representative was Megan Gulick of Corcoran Sawyer Smith.

Note: The sale at 663 Summit Avenue was facilitated by Marcus Pinto from Compass, representing the buyer, and Megan Gulick from Corcoran Sawyer Smith, representing the seller. The transaction concluded with a sale price of $1,260,000.

Players

Megan Gulick

The Corcoran Group

Broker

$6.7M

vol

5 deals

Broker

Jersey City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.59%

Cash-on-Cash

-3.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93