Updated Dec 4, 2024
93 Reservoir Avenue Multifamily Property In Jersey City Sold For $1.3M With Buyer's Rep James Alvarez & Seller's Rep Patrick Southern
93 Reservoir Avenue
$1,295,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 28, 2023
About this deal
AI
93 Reservoir Avenue in Jersey City, a multifamily property, was sold for $1,295,000. The transaction took place on November 28, 2023. The property is located in Jersey City and is classified as a multifamily asset.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,295,000
- Market: Jersey City
- Buyer's Representative: James Alvarez - Corcoran Sawyer Smith
- Seller's Representative: Patrick Southern - Coldwell Banker
The buyer was represented by James Alvarez of Corcoran Sawyer Smith, while the seller was represented by Patrick Southern of Coldwell Banker.
On the Map
$1,295,000
MultiFamily
View full map
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Jersey City multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.25%
Cash-on-Cash
-3.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93