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99 South Street

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

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

Christian Bastidas

West Hoboken Residential

Broker

$10.1M

vol

10 deals

Broker

Jersey City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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