Updated Dec 21, 2023
JJ Elek Realty Real Estate Sells 3-Unit Multifamily Property In Jersey City For $1.725M
84 Sussex Street, Jersey City, New Jersey 07302, United States
$1,725,000
$781/SF
Building Size
2,208 SF
Asset Type
MultiFamily
Closing
Feb 17, 2022
About this deal
AI
An multifamily property located at 84 Sussex St in Jersey City was recently sold. The property consists of 3 units, with each unit being sold at an average price of $575,000. The total sale price for the property was $1,725,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,725,000
- Address: 84 Sussex St, Jersey City
- Market: Jersey City
- Seller's Representative: JJ Elek Realty Real Estate
The sale of this property was facilitated by JJ Elek Realty Real Estate, who represented the seller in the transaction.
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
9.20%
Cash-on-Cash
-2.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93