Updated Dec 4, 2024
Hyst Realty Group Handles Sale Of Multifamily Property In Jersey City For $1.4M
848 Newark Avenue
$1,400,000
$339/SF
Building Size
4,125 SF
Asset Type
MultiFamily
Closing
Oct 12, 2023
About this deal
AI
A multifamily property located at 848 Newark Avenue in Jersey City has been sold for $1.4 million. The property spans across 4,125 square feet and was transacted at a price per square foot (PPSF) of $339. This transaction was facilitated by Nan Oh from Hyst Realty Group, who served as the broker for this deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Square Footage: 4,125
- Price per Square Foot (PPSF): $339
- Address: 848 Newark Avenue, Jersey City
Nan Oh from Hyst Realty Group played a pivotal role in overseeing this sale. Their expertise and negotiation skills contributed to the successful completion of this transaction.
On the Map
$1,400,000
$339/SF
MultiFamily
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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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93