Arnap Korat Purchases 84 Carlton Avenue Multifamily From Farah Enterprises For $1.1 Million
84 Carlton Avenue
$1,100,000
$305/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Nov 1, 2024
AI
This multifamily asset, located at 84 Carlton Avenue in Jersey City, has a sale price of $1,100,000. The property consists of 4 units and has a total square footage of 3,600, with a price per unit of $275,000 and a price per square foot of $305.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Buyer: Arnap Korat
- Seller: Farah Farah - Farah Enterprises
- Broker: Diane Rivera - Century 21
- Units: 4
- Square Footage: 3,600
- Price Per Unit: $275,000
- Price Per Square Foot: $305
Diane Rivera represented both the buyer, Arnap Korat, and the seller, Farah Farah of Farah Enterprises, in this transaction. The broker expressed pride in facilitating the sale and noted the seamless nature of the closing process.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93