Updated Dec 4, 2024
732 Garfield Avenue Multifamily Sold For $999000 With Seller's Rep Charlaine Mercado Of Sotheby's International Realty
732 Garfield Avenue
$999,000
$344/SF
Building Size
2,900 SF
Asset Type
MultiFamily
Closing
Jul 24, 2024
About this deal
AI
The property involved in this transaction is a multifamily asset located at 732 Garfield Avenue in Jersey City. The sale price of the property was $999,000, which translates to a price per unit of $499,500. The total square footage of the asset is 2,900, resulting in a price per square foot of $344.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $999,000
- Units: 2
- Square Footage: 2900
- Price Per Unit: $499,500
- Price Per Square Foot: $344
- Seller's Representative: Charlaine Mercado - Sotheby's International Realty
- Market: Jersey City
- Date of Transaction: 7/24/2024
Charlaine Mercado represented the seller in this transaction through Sotheby's International Realty, facilitating the sale of the multifamily property in the Jersey City market.
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
15.88%
Cash-on-Cash
-4.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93