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84 Carlton Avenue

Updated Dec 4, 2024

Arnap Korat Purchases 84 Carlton Avenue Multifamily From Farah Enterprises For $1.1 Million
SOLDMultiFamily

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

About this deal

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

Diane Rivera

Century 21

Broker

$9.7M

vol

10 deals

Broker

Jersey City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $305 per square foot on a published $1.1M for 3,600 square feet (2024).

Visit Diane Rivera to view all their deals.

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

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