732 Garfield Avenue Multifamily Sold For $999000 With Seller's Rep Charlaine Mercado Of Sotheby's International Realty
SOLD
$999,000
New Jersey
See Similar DealsMultiFamily2,900 SF
Sold 07/24/2024
SOLD
732 Garfield Avenue Multifamily Sold For $999000 With Seller's Rep Charlaine Mercado Of Sotheby's International Realty
732 Garfield Avenue
See Similar DealsMultiFamily2,900 SF
Sold 07/24/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$344
Total Square Footage:2,900 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,280.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,549.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,735.77
Annual Debt Service$56,829.24
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