John Zapana & Dianilda Martinez Acquire Multifamily Property In Jersey City For $1.125M
80 Bowers Street, The Heights, Jersey City, NJ, USA
$1,125,000
$401/SF
Building Size
2,800 SF
Asset Type
MultiFamily
Closing
Oct 12, 2021
AI
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
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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93