Updated Sep 9, 2024
Eric Dilone Acquires Multifamily In Jersey City For $1,476,000
69 Clifton Pl, Jersey City, NJ, USA
$1,476,000
$419/SF
Building Size
3,520 SF
Asset Type
MultiFamily
Closing
Apr 18, 2021
About this deal
AI
A multifamily property located at 69 Clifton Pl in Jersey City has been sold for a total of $1,476,000. The property consists of 4 units, with an average price per unit of $369,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,476,000
- Units: 4
- Price Per Unit: $369,000
The buyer was represented by Eric Dilone from Keller Williams City Life Jc Realty, while the seller was represented by Sherif Fanous from RE/MAX Villa, Realtors.
The multifamily sale at 69 Clifton Pl, Jersey City, NJ, USA in Jersey City, New Jersey sold for $1.5M in 2021. Reported inventory is 3,520 square feet across 4 units, or about 419 per square foot. Sherif Fanous, Eric Dilone, Re/Max, Keller Williams Realty appear on the sale alongside Re/Max, Keller Williams Realty. This page is the Jersey City, New Jersey file for the 69 Clifton Pl, Jersey City, NJ, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Jersey City sit in the Market section below. Filter that Jersey City multifamily set by closing date to see what else sold near 69 Clifton Pl, Jersey City, NJ, USA around 2021. Published consideration for 69 Clifton Pl, Jersey City, NJ, USA is $1.5M, dated 2021. Cite this Eric Dilone Acquires Multifamily In Jersey City For $1,476,000 sale when underwriting similar multifamily product around Jersey City, New Jersey.
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Sherif Fanous to view all their deals.
Browse New Jersey multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.75%
Cash-on-Cash
-3.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93