Updated Dec 4, 2024
Kyle Klaus & Jacqueline Draper Facilitate Sale Of Multifamily Property In Jersey City For $1,075,000
88 Sanford Place
$1,075,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 1, 2024
About this deal
AI
A multifamily property located at 88 Sanford Place in Jersey City was recently sold for $1,075,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,075,000
- Address: 88 Sanford Place
- Market: Jersey City
Kyle Klaus, from Prestige Properties, represented the buyer during the transaction, while Jacqueline Draper of EXP Realty served as the seller's representative.
The multifamily sale at 88 Sanford Place in Jersey City, New Jersey sold for $1.1M in 2024. 88 Sanford Place is classified as Multifamily on Traded. Kyle Klaus, Jacqueline Draper, EXP Realty, Prestige Properties appear on the sale alongside EXP Realty, Prestige Properties. This page is the Jersey City, New Jersey file for the 88 Sanford Place multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Jersey City sit in the Market section below. Filter that Jersey City multifamily set by closing date to see what else sold near 88 Sanford Place around 2024. Published consideration for 88 Sanford Place is $1.1M, dated 2024. Cite this Kyle Klaus & Jacqueline Draper Facilitate Sale Of Multifamily Property In Jersey City For $1,075,000 sale when underwriting similar multifamily product around Jersey City, New Jersey.
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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
14.76%
Cash-on-Cash
-4.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93