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Jersey City MultiFamily Property Sold For $1.42M With Buyer's Rep Xinchuan Tian & Seller's Rep Ana Sanchez & Brian Henry
SOLD
$1,420,000
New Jersey
See Similar DealsMultiFamily
Sold
SOLD
Jersey City MultiFamily Property Sold For $1.42M With Buyer's Rep Xinchuan Tian & Seller's Rep Ana Sanchez & Brian Henry
279 Varick Street
See Similar DealsMultiFamily
Sold
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
A multi-family property located at 279 Varick Street in Jersey City has been sold for a total price of $1,420,000. The transaction was completed on 10/10/2023.
Summary of transation details
- Property Type: MultiFamily
- Transaction Amount: $1,420,000
- Address: 279 Varick Street, Jersey City
- Market: Jersey City
The buyer, represented by Xinchuan Tian of Coldwell Banker, acquired the property. On the other hand, the seller was represented by Ana Sanchez and Brian Henry of Boyne Realty. Both the buyer's and the seller's representatives played pivotal roles in ensuring the successful completion of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$75,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,044.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,731.52
Annual Debt Service$80,778.29
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