Eric Dilone Acquires Multifamily In Jersey City For $1,476,000
SOLD
$1,476,000
New Jersey
See Similar DealsMultiFamily3,520 SF
Sold 04/19/2021
SOLD
Eric Dilone Acquires Multifamily In Jersey City For $1,476,000
69 Clifton Pl, Jersey City, NJ, USA
See Similar DealsMultiFamily3,520 SF
Sold 04/19/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$419
Total Square Footage:3,520 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$78,720.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,243.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,996.99
Annual Debt Service$83,963.92
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