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Diana Sutherlin Of Compass Buys Multifamily Property In Jersey City For $1.3M As Buyer's Rep
SOLD
$1,299,000
New Jersey
See Similar DealsMultiFamily
Sold 03/29/2024
SOLD
Diana Sutherlin Of Compass Buys Multifamily Property In Jersey City For $1.3M As Buyer's Rep
155 Coles Street
See Similar DealsMultiFamily
Sold 03/29/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property at 155 Coles Street in Jersey City was sold for $1,299,000. This property is located in the vibrant market of Jersey City.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,299,000
- Address: 155 Coles Street
- Market: Jersey City
Patrick Southern from Coldwell Banker represented the seller in the transaction, while Diana Sutherlin from Compass represented the buyer. This successful deal was completed on 03/29/2024, showcasing the expertise of the involved real estate professionals.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,280.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,615.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,157.92
Annual Debt Service$73,895.07
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