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
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.
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93