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102 South Street, Jersey Ci...

Updated Dec 21, 2023

Cynthia Samaris Sells Multifamily Property In Jersey City For $1.1M
SOLDMultiFamily

Cynthia Samaris Sells Multifamily Property In Jersey City For $1.1M

102 South Street, Jersey City, New Jersey 07307, United States

$1,100,000

Units

2

Asset Type

MultiFamily

Closing

Jun 2, 2022

About this deal

AI

The multifamily property located at 102 South St in Jersey City was recently sold for $1,100,000. The property consists of 2 units, resulting in a per-unit price of $550,000. The sale took place on 06/03/2022. Cynthia Samaris, representing Christie's International Real Estate Northern New Jersey, served as the seller's representative, while Kaitlin Byrne from Real Broker, LLC, acted as the buyer's representative.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Address: 102 South St, Jersey City
  • Units: 2
  • Price Per Unit: $550,000
  • Date: 06/03/2022

The sale of this multifamily property showcases the efforts of Cynthia Samaris from Christie's International Real Estate Northern New Jersey, who successfully represented the seller in this transaction. On the buyer's side, Kaitlin Byrne from Real Broker, LLC, played a crucial role in facilitating the purchase of this property.

Players

Cynthia Samaris

Christie's International Real Estate

Broker

$3.2M

vol

3 deals

Broker

Jersey City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $550K per unit across 2 units on a published $1.1M (2022).

Visit Cynthia Samaris to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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