Doisy Felipe & Christian Bastidas Sell Jersey City Multifamily For $1.24M
99 South Street
$1,237,500
$550/SF
Building Size
2,250 SF
Asset Type
MultiFamily
Closing
May 31, 2024
AI
The multifamily property located at 99 South Street in Jersey City was recently sold for $1,237,500. This property consists of 3 units with a total of 2,250 square feet, resulting in a price per unit of $412,500 and a price per square foot of $550. The transaction was facilitated by brokers Doisy Felipe and Christian Bastidas from West Hoboken Residential.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,237,500
- Units: 3
- Square Footage: 2,250
- Price Per Unit: $412,500
- Price Per Square Foot: $550
- Address: 99 South Street, Jersey City
- Market: Jersey City
Doisy Felipe and Christian Bastidas of West Hoboken Residential were the brokers involved in the sale of this multifamily property. For those interested in similar properties in Hudson County, they can contact Doisy Felipe via email at [email protected].
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
12.82%
Cash-on-Cash
-3.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93