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

Property Image
SOLD
$1,125,000
Wesley Tse
Laura Skolar-Gamarello

New Jersey

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MultiFamily
Sold 07/19/2024
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Property Image
SOLD

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

133 Collard Street

See Similar Deals
MultiFamily
Sold 07/19/2024
Wesley Tse
Laura Skolar-Gamarello
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

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
Wesley Tse
2 deals$2.3M volume
BROKER
Laura Skolar-Gamarello
Liberty Realty
Laura Skolar-Gamarello
2 deals$2.6M volume(201) 259-1800
BROKER

Details

SOLD
IMAGE: Wesley Tse & Laura Skolar-Gamarello DATE: 07/19/2024 ADDRESS: 133 Collard Street MARKET: Jersey City ASSET TYPE: MultiFamily BUYER'S REP: Wesley Tse (@Wesley.Tse) - Corcoran Sawyer Smith (@CorcoranSawyerSmith) SELLER'S REP: Laura Skolar-Gamarello (@LauraSkolar) - Liberty Realty (@LibertyRealty) SALE PRICE: $1,125,000 UNITS: 2 ~ PPU: $562,500 NOTE: 133 Collard Street in Jersey City, a contemporary two-family home with 3 bedrooms and 2 baths per unit, sold for $1,125,000. The transaction was handled by Wesley Tse of Corcoran Sawyer Smith for the buyer and Laura Skolar-Gamarello of Liberty Realty for the seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$60,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,996.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,333.07
Annual Debt Service$63,996.89