Nest Seekers New Jersey Brokers Marc Brenner & Matthew Gray Sell Multifamily Property In Jersey City For $1.3M
SOLD
$1,300,000
New Jersey
See Similar DealsMultiFamily
Sold 05/17/2022
SOLD
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
See Similar DealsMultiFamily
Sold 05/17/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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