facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Multifamily

/

Sale

/

848 Newark Avenue

Hyst Realty Group Handles Sale Of Multifamily Property In Jersey City For $1.4M
SOLDMultiFamily

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

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.

Players

Nan Oh

Hyst Realty Group

Broker

$2.7M

vol

2 deals

Broker

Jersey City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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