Updated Dec 22, 2023
Coldwell Banker Acquires Multifamily Property In Jersey City For $999,999
782 Grant Avenue, Jersey City, New Jersey 07305, United States
$999,999
$370/SF
Building Size
2,700 SF
Asset Type
MultiFamily
Closing
Apr 10, 2022
About this deal
AI
The multifamily property located at 782 Grand St in Jersey City recently changed ownership. The property spans across 2,700 square feet and consists of 2 units. The property was listed for sale with an asking price of $949,000. After negotiations, the property was sold for $999,999, resulting in a price per square foot of $370. Each unit was sold for an average price of $500,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $999,999
- Address: 782 Grand St
- Market: Jersey City
The transaction was facilitated by Aleshia Jijon from Coldwell Banker. Aleshia Jijon, as the broker-associate, represented the parties involved in this deal. For development and investment opportunities in the area, Aleshia Jijon can be reached at (201) 647-5153 or [email protected].
Players
Burlington 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93