SOLDMultiFamily
Nest Seekers New Jersey Brokers Marc Brenner & Matthew Gray Sell Multifamily Property In Jersey City For $1.3M
275 Varick Street, Jersey City, New Jersey 07302, United States
$1,300,000
Building Size
—
Asset Type
MultiFamily
Closing
May 16, 2022
AI
Located at 275 Varick St in Jersey City, NJ, this multifamily property was recently sold for a transaction amount of $1,300,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Market: Jersey City, NJ
The sale of this property was facilitated by Marc Brenner & Matthew Gray from Nest Seekers New Jersey.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93