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:
- Property Type: Multifamily
- Transaction Amount: $1,222,100
- Units: 3
- Price Per Unit: $407,367
- Buyer's Representative: April Blount - Berkshire Hathaway HomeServices Fox & Roach
- Seller's Representative: Ralph Schell - Liberty Realty
- Date of Sale: 07/22/2024
- Address: 89a Ferry Street
- Market: Jersey City
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
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