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334 2nd Street

Updated Dec 4, 2024

Neil Santillan Sells Jersey City Multifamily Asset For $3.8M With Brokers Costandinos Romeo And Alexander Calle
SOLDMultiFamily

Neil Santillan Sells Jersey City Multifamily Asset For $3.8M With Brokers Costandinos Romeo And Alexander Calle

334 2nd Street

$3,800,000

$450/SF

Building Size

8,435 SF

Asset Type

MultiFamily

Closing

Jul 8, 2024

About this deal

AI

The property asset involved in the transaction is a multifamily building located at 334 2nd Street in Jersey City. The sale price of the property was $3,800,000, and it comprises a total square footage of 8,435. The price per square foot for the asset is $450.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,800,000
  • Address: 334 2nd Street
  • Market: Jersey City
  • Square Footage: 8,435
  • Price Per Square Foot: $450
  • Seller: Neil Santillan
  • Broker's Representatives: Costandinos Romeo - EXP Realty ; Alexander Calle - Serhant

This transaction involved key representatives from the brokerage community. Costandinos Romeo represented the seller through EXP Realty, while Alexander Calle represented the seller through Serhant, facilitating the closing of this multifamily asset sale.

Players

Alexander Calle

Serhant

Broker

$8M

vol

5 deals

Broker

Jersey City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $450 per square foot on a published $3.8M for 8,435 square feet (2024).

Visit Alexander Calle to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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