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Jersey City Multifamily Property Sells For $1.5M With Buyer's Rep Diana Sutherlin & Seller's Rep Soo Jin Jung

Property Image
SOLD
$1,500,000
Diana Sutherlin
Soo Jin Jung

New Jersey

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MultiFamily
Sold 12/14/2023
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Property Image
SOLD

Jersey City Multifamily Property Sells For $1.5M With Buyer's Rep Diana Sutherlin & Seller's Rep Soo Jin Jung

268 3rd Street

See Similar Deals
MultiFamily
Sold 12/14/2023
Diana Sutherlin
Soo Jin Jung
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

In Jersey City, a multifamily property located at 268 3rd Street has been sold for $1,500,000. The transaction was facilitated by Diana Sutherlin of Compass, acting as the buyer's representative, and Soo Jin Jung of Coldwell Banker, representing the seller.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Address: 268 3rd Street
  • Market: Jersey City
  • Buyer's Representative: Diana Sutherlin - Compass
  • Seller's Representative: Soo Jin Jung - Coldwell Banker

The sale of the multifamily property at 268 3rd Street in Jersey City was successfully completed. Diana Sutherlin, an agent from Compass, represented the buyer in the transaction, while Soo Jin Jung, an agent from Coldwell Banker, represented the seller. Additional details regarding the transaction are not available.

Players

Soo Jin Jung
Coldwell Banker
Soo Jin Jung
3 deals$3.9M volume
BROKER
Diana Sutherlin
Compass
Diana Sutherlin
5 deals$11.9M volume
BROKER

Details

SOLD
IMAGE: Diana Sutherlin & Soo Jin Jung DATE: 12/14/2023 ADDRESS: 268 3rd Street MARKET: Jersey City ASSET TYPE: Multifamily BUYER'S REP: Diana Sutherlin (@SutherlinGroup) - Compass (@Compass) SELLER'S REP: Soo Jin Jung - Coldwell Banker (@ColdwellBanker) SALE PRICE: $1,500,000 NOTE: In Jersey City, the multifamily property located at 268 3rd Street was sold for $1,500,000. The transaction was facilitated by Diana Sutherlin of Compass as the buyer's representative and Soo Jin Jung of Coldwell Banker as the seller's representative.

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

$79,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18