Charlaine Mercado Facilitates $1.3M Sale Of 2 Family Jersey City Home
SOLD
$1,300,000
New Jersey
See Similar DealsSingle Family3,000 SF
Sold 03/22/2024
SOLD
Charlaine Mercado Facilitates $1.3M Sale Of 2 Family Jersey City Home
246 Clinton Avenue
See Similar DealsSingle Family3,000 SF
Sold 03/22/2024
Summary
NEW JERSEY
Asset Type:Single Family
Price Per Square Foot:$433
Total Square Footage:3,000 SF
Transaction Type:Sale
The property located at 246 Clinton Avenue in Jersey City is a Single Family (2 Family) dwelling with a square footage of 3,000. The transaction took place on 03/22/2024, with a sale price of $1,300,000. The price per square foot was $433.
Summary of transaction details:
- Property Type: Single Family (2 Family)
- Transaction Amount: $1,300,000
- Market: Jersey City
- Broker: Charlaine Mercado - Prominent Properties Sotheby's International Realty
Charlaine Mercado of Prominent Properties Sotheby's International Realty represented the parties involved in this property transaction at 246 Clinton Avenue in Jersey City.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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