SOLDMultiFamily
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
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.
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
12.25%
Cash-on-Cash
-3.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93