facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Multifamily

/

Sale

/

78 Armstrong Avenue

Francis Thurman Of ERealty Advisors Represents Buyer In $1.1 Million Jersey City Multifamily Sale
SOLDMultiFamily

Francis Thurman Of ERealty Advisors Represents Buyer In $1.1 Million Jersey City Multifamily Sale

78 Armstrong Avenue

$1,097,250

Building Size

Asset Type

MultiFamily

Closing

Oct 15, 2024

AI

A multifamily property located at 78 Armstrong Avenue in Jersey City was sold for $1,097,250. The asset consists of two units, with a price per unit of $548,625. Each unit is equipped with modern amenities, and Unit 1 features a backyard and garage, while Unit 2 has a private rooftop setup.

Summary of transaction details:

Francis Thurman of eRealty Advisors represented the buyer in this transaction, while Joachim Horvitz of Compass represented the seller. The transaction reflects the collaboration between these two brokers in facilitating the sale of the property.

Players

Joachim Horvitz

Compass

Broker

$2.5M

vol

2 deals

Broker

Jersey City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.46%

Cash-on-Cash

-4.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93