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
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