Updated Sep 9, 2024
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
About this deal
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.
The multifamily sale at 86 Prospect St Jersey City, NJ 07307, USA in New Jersey, New Jersey sold for $1.3M in 2023. 86 Prospect St Jersey City, NJ 07307, USA is classified as Multifamily on Traded. April Blount, Rachel DiSalvo, Berkshire Hathaway HomeServices, Keller Williams Realty appear on the sale alongside Berkshire Hathaway HomeServices, Keller Williams Realty. This page is the New Jersey, New Jersey file for the 86 Prospect St Jersey City, NJ 07307, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New Jersey sit in the Market section below. Filter that New Jersey multifamily set by closing date to see what else sold near 86 Prospect St Jersey City, NJ 07307, USA around 2023. Published consideration for 86 Prospect St Jersey City, NJ 07307, USA is $1.3M, dated 2023. Cite this Berkshire Hathaway HomeServices Acquires MultiFamily Property In Jersey City For $1.3M sale when underwriting similar multifamily product around New Jersey, New Jersey.
Players
New Jersey 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93