Amar Mody & Basilio Rivera Of Sotheby's Broker $9.1M Student Housing Sale
104 Glenwood Avenue & 146-152 Glenwood Avenue
$9,100,000
$84/SF
Building Size
107,681 SF
Asset Type
Student Housing
Closing
May 8, 2024
AI
The student housing property located at 104 Glenwood Avenue & 146-152 Glenwood Avenue in Jersey City has been sold for $9,100,000. The total area of the property spans 53,862 square feet, resulting in a price per square foot of $169.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $9,100,000
- Address: 104 Glenwood Avenue & 146-152 Glenwood Avenue
- Market: Jersey City
Amar Mody and Basilio Rivera from Sotheby's International Realty facilitated the transaction of the student housing property in Jersey City. Their expertise in the real estate market played a crucial role in the successful sale of this significant asset.
Players
Jersey City Student Housing Market Snapshot
Boundary boundary · Student Housing · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.74%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93