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Multifamily Property At 289.5 8th Street In Jersey City Sold For $1.34M

Property Image
SOLD
$1,340,000

New Jersey

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MultiFamily
Sold 09/12/2024
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Property Image
SOLD

Multifamily Property At 289.5 8th Street In Jersey City Sold For $1.34M

289 8th Street

See Similar Deals
MultiFamily
Sold 09/12/2024
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

A two-family residence at 289.5 8th Street in Jersey City has been sold. The property, which includes one unit generating rental income and a vacant three-bedroom unit, was listed for a sale price of $1,340,000. With two units, the price per unit amounts to $670,000. The residence is conveniently located near local amenities and transportation, allowing easy commuting to New York City.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,340,000
  • Units: 2
  • Price Per Unit: $670,000
  • Address: 289.5 8th Street
  • Market: Jersey City

The transaction was represented by Patrick Southern and Shaye Lastra of Coldwell Banker, who facilitated the sale of the property. Their involvement highlights the role of experienced brokers in managing complex real estate deals efficiently.

Players

Patrick Southern
19 deals$38.1M volume
BROKER

Shaye Lastra
Coldwell Banker
5 deals$8.2M volume
BROKER

Details

SOLD
IMAGE: Patrick Southern & Shaye Lastra DATE: 09/12/2024 ADDRESS: 289.5 8th Street MARKET: Jersey City ASSET TYPE: Multifamily BROKERS: Patrick Southern (@PropertiesbySouthern) & Shaye Lastra - Coldwell Banker (@ColdwellBanker) SALE PRICE: $1,340,000 UNITS: 2 ~ PPU: $670,000 NOTE: A two-family residence at 289.5 8th Street in Jersey City sold for $1.34 million, represented by Patrick Southern and Shaye Lastra of Coldwell Banker. The property features one unit generating rental income and a vacant three-bedroom unit, located near local amenities and transportation for a convenient commute to New York City.

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Debt Service Coverage Ratio (DSCR)

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