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Doisy Felipe & Christian Bastidas Sell Jersey City Multifamily For $1.24M

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SOLD
$1,237,500

New Jersey

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MultiFamily2,250 SF
Sold 05/31/2024
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Property Image
SOLD

Doisy Felipe & Christian Bastidas Sell Jersey City Multifamily For $1.24M

99 South Street

See Similar Deals
MultiFamily2,250 SF
Sold 05/31/2024
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$550
Total Square Footage:2,250 SF
Transaction Type:Sale

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

Christian Bastidas
10 deals$10.1M volume
BROKER

Isaiah (Doisy) Felipe
West Hoboken Residential
1 deal$1.2M volume(305) 338-2563
BROKER

Details

SOLD
IMAGE: Christian Bastidas & Doisy Felipe DATE: 05/31/2024 ADDRESS: 99 South Street MARKET: Jersey City ASSET TYPE: Multifamily BROKERS: Doisy Felipe (@PurplePapi) & Christian Bastidas - West Hoboken Residential (@WestHobokenResidential) SALE PRICE: $1,237,500 UNITS: 3 ~ PPU: $412,500 SF: 2,250 ~ PPSF: $550 NOTE FROM BROKERS: If you are interested in multi-family in HUDSON COUNTY, please contact Doisy Felipe - email address [email protected]

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,396.58
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