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

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SOLD
$1,222,100

New Jersey

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MultiFamily
Sold 07/22/2024
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Property Image
SOLD

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

89a Ferry Street

See Similar Deals
MultiFamily
Sold 07/22/2024
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

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
8 deals$11.8M volume
BROKER

Ralph Schell
Liberty Realty
1 deal$1.2M volume(201) 222-2900
BROKER

Details

SOLD
IMAGE: April Blount & Ralph Schell DATE: 07/22/2024 ADDRESS: 89a Ferry Street MARKET: Jersey City ASSET TYPE: Multifamily BUYER'S REP: April Blount (@Nikxicola) - Berkshire Hathaway HomeServices Fox & Roach (@BHHS_FoxRoach) SELLER'S REP: Ralph Schell - Liberty Realty (@LibertyRealty) SALE PRICE: $1,222,100 UNITS: 3 ~ PPU: $407,367 NOTE: April Blount, representing Berkshire Hathaway HomeServices, facilitated the sale of a multi-family property located at 89a Ferry Street in Jersey City for $1,222,100. The property features three units, offering potential owners the opportunity to reside in one unit while generating rental income from the others, boasting amenities such as ample parking, proximity to public transportation, and a prime location near shopping and amenities in Jersey City Heights.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,341.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,793.38
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