Updated Dec 21, 2023
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
About this deal
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.
The multifamily sale at 275 Varick Street, Jersey City, New Jersey 07302, United States in Jersey City, New Jersey sold for $1.3M in 2022. 275 Varick Street, Jersey City, New Jersey 07302, United States is classified as Multifamily on Traded. Matthew Gray, Marc Brenner, Nest Seekers International appear on the sale alongside Nest Seekers International. This page is the Jersey City, New Jersey file for the 275 Varick Street, Jersey City, New Jersey 07302, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Jersey City sit in the Market section below. Filter that Jersey City multifamily set by closing date to see what else sold near 275 Varick Street, Jersey City, New Jersey 07302, United States around 2022. Published consideration for 275 Varick Street, Jersey City, New Jersey 07302, United States is $1.3M, dated 2022. Cite this Nest Seekers New Jersey Brokers Marc Brenner & Matthew Gray Sell Multifamily Property In Jersey City For $1.3M sale when underwriting similar multifamily product around Jersey City, 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