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279 Varick Street

Jersey City MultiFamily Property Sold For $1.42M With Buyer's Rep Xinchuan Tian & Seller's Rep Ana Sanchez & Brian Henry
SOLDMultiFamily

Jersey City MultiFamily Property Sold For $1.42M With Buyer's Rep Xinchuan Tian & Seller's Rep Ana Sanchez & Brian Henry

279 Varick Street

$1,420,000

Building Size

Asset Type

MultiFamily

Closing

Oct 10, 2023

AI

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.

Players

Brian Henry

Boyne Realty

Broker

$12M

vol

7 deals

Broker

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

11.17%

Cash-on-Cash

-3.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93