Updated Dec 21, 2023
Coldwell Banker Realty Acquires Multifamily Property On Sussex Street In Jersey City For $3.95M
67 Sussex Street, Jersey City, NJ 07302, USA
$3,950,000
$1,580/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Sep 22, 2021
About this deal
AI
A multifamily property located at 67 Sussex Street in Jersey City has been sold for a price of $3,950,000. The sale was facilitated by Jill Biggs from Coldwell Banker Realty.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,950,000
- Address: 67 Sussex Street
- Market: Jersey City
Jill Biggs from Coldwell Banker Realty played a key role in the transaction as the broker representing the parties involved. This successful sale represents a significant milestone in the Jersey City multifamily property market.
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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93