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Berkshire Hathaway HomeServices Acquires MultiFamily Property In Jersey City For $1.3M

Property Image
SOLD
$1,300,000
April Blount
Rachel DiSalvo

New Jersey

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MultiFamily
Sold 07/26/2023
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Property Image
SOLD

Berkshire Hathaway HomeServices Acquires MultiFamily Property In Jersey City For $1.3M

86 Prospect St Jersey City, NJ 07307, USA

See Similar Deals
MultiFamily
Sold 07/26/2023
April Blount
Rachel DiSalvo
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in this transaction is located at 86 Prospect Street in Jersey City. It is a multi-family asset. The sale price for this property was $1,300,000.

Summary of transaction details

April Blount from Berkshire Hathaway HomeServices represented the buyer in this transaction, while Rachel DiSalvo from Keller Williams represented the seller.

Players

April Blount
Berkshire Hathaway HomeServices
April Blount
8 deals$11.8M volume
BROKER
Rachel DiSalvo
Keller Williams Realty
Rachel DiSalvo
1 deal$1.3M volume(646) 759-0531
BROKER

Details

SOLD
IMAGE: April Blount & Rachel DiSalvo DATE: 07/26/2023 ADDRESS: 86 Prospect Street MARKET: Jersey City ASSET TYPE: MultiFamily BUYER'S REP: April Blount (@Nikxicola) - Berkshire Hathaway HomeServices SELLER'S REP: Rachel DiSalvo (@Rachel_the_realtor) - Keller Williams (@KellerWilliamsRealty) SALE PRICE: $1,300,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$69,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96