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67 Brinkerhoff Street JC LLC Acquires Multifamily Property From 67 Brinkerhoff Street LLC For $2.9M
SOLD
New Jersey
See Similar DealsMultiFamily
Sold 08/25/2025
SOLD
67 Brinkerhoff Street JC LLC Acquires Multifamily Property From 67 Brinkerhoff Street LLC For $2.9M
67 Brinkerhoff Street
See Similar DealsMultiFamily
Sold 08/25/2025
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
67 Brinkerhoff Street is a multifamily property located in Jersey City, consisting of 17 units. The property was sold for $2,900,000, resulting in a price per unit of $170,588.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Address: 67 Brinkerhoff Street
- Market: Jersey City
- Units: 17
- Price Per Unit: $170,588
- Buyer: 67 Brinkerhoff Street JC LLC
- Seller: 67 Brinkerhoff Street LLC
- Broker Representatives: Andy Schwartz, Jordan Sobel, Andre Balthazard, and Dan Bottiglieri - Cushman & Wakefield
Cushman & Wakefield acted as the intermediary, with Andy Schwartz, Jordan Sobel, Andre Balthazard, and Dan Bottiglieri representing the seller, 67 Brinkerhoff Street LLC, while procuring the buyer, 67 Brinkerhoff Street JC LLC.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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