Muk Chad Acquires Multifamily Asset In Jersey City From Yee Leong For $4M
Montgomery Street
$4,000,000
$256/SF
Building Size
15,600 SF
Asset Type
MultiFamily
Closing
Mar 28, 2025
AI
The asset involved in this transaction is a multifamily property located at 729-735 Montgomery Street in Jersey City. The sale price of the property is $4,000,000, comprising 16 units with a price per unit of $250,000. The property spans a total square footage of 15,600, resulting in a price per square foot of $256.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Units: 16
- Price Per Unit: $250,000
- Square Footage: 15,600
- Price Per Square Foot: $256
- Buyer: Muk Chad
- Seller: Yee Leong
- Brokers: Steven Matovski & Liam Holman - Redwood Realty Advisors
The transaction was facilitated by brokers Steven Matovski and Liam Holman, who represent Redwood Realty Advisors in this deal. Muk Chad is recognized as the buyer while Yee Leong is acknowledged as the seller, contributing to the closing of this multifamily property transaction.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93