Updated Dec 21, 2023
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
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93