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96 Van Horne Street

Updated May 12, 2025

Anuj Parmar Of GND Builders Sells Multifamily Property At 96 Van Horne Street For $1.62M
SOLDMultiFamily

Anuj Parmar Of GND Builders Sells Multifamily Property At 96 Van Horne Street For $1.62M

96 Van Horne Street

$1,620,000

$462/SF

Building Size

3,500 SF

Asset Type

MultiFamily

Closing

Mar 21, 2025

About this deal

AI

The property asset involved in the transaction is a multifamily building located at 96 Van Horne Street in Jersey City. The sale price was $1,620,000, encompassing a total of 3,500 square feet. The property consists of two units, leading to a price per unit of $810,000 and a price per square foot of $462.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,620,000
  • Units: 2
  • Address: 96 Van Horne Street
  • Market: Jersey City
  • Seller: Anuj Parmar - GND Builders
  • Broker: Charlaine Mercado - Prominent Properties Sotheby’s International Realty

The deal included two distinct units. Unit 1 is a duplex condo with an entire garage floor accommodating three parking spaces, a spacious backyard, three bedrooms, three full bathrooms, and a 500 square foot studio space, which sold for $920,000. Unit 2 comprises three bedrooms and two full bathrooms, featuring a private roof deck, and it sold for $700,000. Note from the broker highlighted the successful sale in the Bergen-Lafayette neighborhood, emphasizing its proximity to landmarks such as the Statue of Liberty and Ellis Island.

Players

Charlaine Mercado

Sotheby's International Realty

Broker

$9.3M

vol

7 deals

Broker

Jersey City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $462 per square foot on a published $1.6M for 3,500 square feet (2025).

Visit Charlaine Mercado to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.79%

Cash-on-Cash

-2.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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