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133 Collard Street

Norwood Multifamily Property Sold For $1.125M With Buyer's Rep Wesley Tse & Seller's Rep Laura Skolar-Gamarello
SOLDMultiFamily

Norwood Multifamily Property Sold For $1.125M With Buyer's Rep Wesley Tse & Seller's Rep Laura Skolar-Gamarello

133 Collard Street

$1,125,000

Building Size

Asset Type

MultiFamily

Closing

Jul 19, 2024

AI

133 Collard Street in Jersey City is a contemporary two-family home featuring 3 bedrooms and 2 baths per unit. The property sold for $1,125,000, with two units available, resulting in a price per unit of $562,500.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,125,000
  • Units: 2
  • Price Per Unit: $562,500
  • Buyer's Representative: Wesley Tse - Corcoran Sawyer Smith
  • Seller's Representative: Laura Skolar-Gamarello - Liberty Realty
  • Date of Transaction: 07/19/2024
  • Address: 133 Collard Street
  • Market: Jersey City

The transaction was facilitated by Wesley Tse of Corcoran Sawyer Smith representing the buyer, while Laura Skolar-Gamarello of Liberty Realty represented the seller in this deal.

Players

Wesley Tse

Broker

$2.3M

vol

2 deals

Broker

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

14.10%

Cash-on-Cash

-4.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93