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89a Ferry Street

April Blount Of Berkshire Hathaway HomeServices Represents Buyer In Jersey City Multifamily Sale For $1.22M
SOLDMultiFamily

April Blount Of Berkshire Hathaway HomeServices Represents Buyer In Jersey City Multifamily Sale For $1.22M

89a Ferry Street

$1,222,100

Building Size

Asset Type

MultiFamily

Closing

Jul 22, 2024

AI

The multi-family property located at 89a Ferry Street in Jersey City has been sold for $1,222,100. The asset includes three units, with a price per unit of $407,367. The property's features include ample parking, proximity to public transportation, and a location near shopping and amenities in Jersey City Heights.

Summary of transaction details:

April Blount, representing Berkshire Hathaway HomeServices, played a significant role in facilitating the sale, while Ralph Schell represented the seller through Liberty Realty. The deal highlights the involvement of experienced professionals in the real estate transaction, ensuring a smooth process for both parties.

Players

April Blount

Berkshire Hathaway HomeServices

Broker

$11.8M

vol

8 deals

Broker

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

12.98%

Cash-on-Cash

-3.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93