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Jersey City Multifamily Sale By Natalie Esfandiari & Meena R. Patel For $1.04M

Property Image
SOLD
$1,040,000
Meena R. Patel
Natalie Esfandiari

New Jersey

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MultiFamily
Sold 03/26/2024
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Property Image
SOLD

Jersey City Multifamily Sale By Natalie Esfandiari & Meena R. Patel For $1.04M

74 Hutton Street

See Similar Deals
MultiFamily
Sold 03/26/2024
Meena R. Patel
Natalie Esfandiari
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

In Jersey City, 74 Hutton Street, a multifamily property, was sold for $1,040,000. The property consists of 5 units, with a price per unit of $208,000.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,040,000
  • Address: 74 Hutton Street
  • Market: Jersey City
  • Units: 5
  • Price Per Unit: $208,000
  • Buyer's Rep: Natalie Esfandiari - Weichert Realtors
  • Seller's Rep: Meena R. Patel - Keller Williams Village Square Realty

Natalie Esfandiari from Weichert Realtors represented the buyer in this transaction, while Meena R. Patel from Keller Williams Village Square Realty represented the seller.

Players

Natalie Esfandiari
Weichert Realtors
Natalie Esfandiari
8 deals$8.4M volume
BROKER
Meena R. Patel
Keller Williams Realty
Meena R. Patel
2 deals$2.2M volume
BROKER

Details

SOLD
IMAGE: Natalie Esfandiari & Meena R. Patel DATE: 03/26/2024 ADDRESS: 74 Hutton Street MARKET: Jersey City ASSET TYPE: Multifamily BUYER'S REP: Natalie Esfandiari (@TheNJGroup) - Weichert Realtors (@WeichertRealtors) SELLER'S REP: Meena R. Patel (@TheMeenaPatelGroup) - Keller Williams Village Square Realty (@KWVillageSquare) SALE PRICE: $1,040,000 UNITS: 5 ~ PPU: $208,000 NOTE: In Jersey City, 74 Hutton Street, a multifamily property, sold for $1,040,000, with Natalie Esfandiari from Weichert Realtors representing the buyer and Meena R. Patel from Keller Williams Village Square Realty representing the seller. .Patel

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$55,466.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,694.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,930.13
Annual Debt Service$59,161.57