Updated Oct 7, 2026
684 Summit Ave LLC Acquires MultiFamily Property In Jersey City For $1,250,000
684 Summit Ave
$1,250,000
$245/SF
Building Size
5,100 SF
Asset Type
MultiFamily
Closing
May 31, 2022
About this deal
AI
The property asset involved in the transaction is a MultiFamily building located at 684 Summit Ave, Jersey City, NJ. The asset spans 5,100 square feet and was sold for $1,250,000.00.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $1,250,000.00
- Address: 684 Summit Ave
- Market: Jersey City, NJ
- Square Footage: 5,100
- Buyer: 684 summit ave llc
- Broker: Allen Walton - Keller Williams Realty
The transaction was facilitated by Allen Walton, who represented the buyer, 684 summit ave llc, in this deal. The successful closing took place on May 31, 2022.
On the Map
$1,250,000
$245/SF
MultiFamily
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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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93