Updated Feb 26, 2025
Chris Vitiello & Gregory Edgell Of Grid Real Estate Represent Sale Of Jersey City Multifamily For $1.45M
38 Zabriskie Street
$1,450,000
$219/SF
Building Size
6,600 SF
Asset Type
MultiFamily
Closing
Feb 24, 2025
About this deal
AI
The property located at 38 Zabriskie Street in Jersey City is a multifamily asset comprising 6 units. The total sale price for this property was $1,450,000, with a price per unit of $241,666. The building has a total square footage of 6,600, resulting in a price per square foot of $219.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Units: 6
- Square Footage: 6,600
- Price Per Unit: $241,666
- Price Per Square Foot: $219
- Broker Representatives: Chris Vitiello & Gregory Edgell - Grid Real Estate
GRID Real Estate successfully secured a buyer for the property within 2 days of it going to market. They encourage potential clients to reach out if they are buying or selling property in Hudson, Essex, or Morris County.
On the Map
$1,450,000
$219/SF
MultiFamily
View full map
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Gregory Edgell to view all their deals.
Browse Jersey City multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93