Jersey City Multifamily Property Sells For $1.5M With Buyer's Rep Diana Sutherlin & Seller's Rep Soo Jin Jung
268 3rd Street
$1,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 14, 2023
AI
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
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93