Updated Dec 19, 2023
Prime Real Estate Group Acquires Multifamily Property On Charles St, Jersey City For $1.225M
72 Charles Street, Jersey City, NJ 07307
$1,225,000
$412/SF
Building Size
2,969 SF
Asset Type
MultiFamily
Closing
Jul 20, 2021
About this deal
AI
The multifamily property located at 72 Charles St in Jersey City, NJ was recently sold for a total price of $1,225,000. The transaction took place on 07/20/2021 and involved 2 units. The per unit price for this sale was $612,500.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Date: 07/20/2021
- Address: 72 Charles St, Jersey City, NJ
- Market: Jersey City, NJ
The buyer was represented by Paul Bryant from Prime Real Estate Group, while the seller was represented by Sangeeta Devnani from NJ Real Estate Boutique LLC.
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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93