SOLDMultiFamily
Berkshire Hathaway HomeServices Acquires MultiFamily Property In Jersey City For $1.3M
86 Prospect St Jersey City, NJ 07307, USA
$1,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 26, 2023
AI
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
- Property Type: MultiFamily
- Transaction Amount: $1,300,000
- Buyer's Representative: April Blount - Berkshire Hathaway HomeServices
- Seller's Representative: Rachel DiSalvo - Keller Williams
April Blount from Berkshire Hathaway HomeServices represented the buyer in this transaction, while Rachel DiSalvo from Keller Williams represented the seller.
Players
New Jersey 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93