John Zapana & Dianilda Martinez Acquire Multifamily Property In Jersey City For $1.125M
SOLD
$1,125,000
New Jersey
See Similar DealsMultiFamily2,800 SF
Sold 10/12/2021
SOLD
John Zapana & Dianilda Martinez Acquire Multifamily Property In Jersey City For $1.125M
80 Bowers Street, The Heights, Jersey City, NJ, USA
See Similar DealsMultiFamily2,800 SF
Sold 10/12/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$401
Total Square Footage:2,800 SF
Transaction Type:Sale
A multifamily property located at 80 Bowers Street in The Heights, Jersey City, NJ has been sold for $1,125,000. The property consists of two units with a total square footage of 2,800. The price per unit was $562,500 and the price per square foot was $402.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,125,000
- Units: 2
- Square Footage: 2,800
- Price per Unit: $562,500
- Price per Square Foot: $402
The buyer, John Zapana & Dianilda Martinez, acquired the property from the sellers, Nik & Anya Estep. Arleny Valiente from eXp Realty LLC represented the buyer, while Steven Betancurth, also from eXp Realty LLC, represented the sellers.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$60,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,996.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,333.07
Annual Debt Service$63,996.89
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