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.
On the Map
$999,000
$344/SF
MultiFamily
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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