Monday, October 17, 2011

New Jersey Deal



I looked in the entire State of Pennsylvania and the State of New Jersey.

only found one in New Jersey and is $900,000

Seidler Street 20 Seidler Street, Jersey City, NJ 07305 Price:$900,000 No. Units:21 Price/Unit:$42,857.14 Property Type:Multifamily Property Sub-type:Garden/Low-Rise Property Use Type:Investment Commission Split:2% Cap Rate:13.64% Gross Rent Multiplier:4.64 Lot Size:0.22 AC Description 21 units in 2 buildings. 9 units are box style and pay separate utilities.

.4 Miles to light rail station Net Operating Income$123,000

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