EXP Realty LLC Acquires Multifamily Property In Jersey City For $1.365M
SOLD
$1,365,000
New Jersey
See Similar DealsMultiFamily1,133 SF
Sold 04/12/2020
SOLD
EXP Realty LLC Acquires Multifamily Property In Jersey City For $1.365M
292 Varick Street, Jersey City, NJ 07302
See Similar DealsMultiFamily1,133 SF
Sold 04/12/2020
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$1,204
Total Square Footage:1,133 SF
Transaction Type:Sale
Located at 292 Varick St in Jersey City, this multifamily property was recently sold for a price of $1,365,000. The deal was facilitated by Nishan Akkus from EXP Realty LLC, representing the buyer, and Marc Brenner & Matthew Gray from Nest Seekers New Jersey LLC, representing the seller.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,365,000
- Address: 292 Varick St
- Market: Jersey City
- Buyer's Representative: Nishan Akkus - EXP Realty LLC
- Seller's Representatives: Marc Brenner & Matthew Gray - Nest Seekers New Jersey LLC
This transaction involved a sale of a multifamily property in Jersey City. Nishan Akkus from EXP Realty LLC served as the buyer's representative, while Marc Brenner & Matthew Gray from Nest Seekers New Jersey LLC represented the seller. The property is located at 292 Varick St and was sold for a total of $1,365,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,849.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,470.80
Annual Debt Service$77,649.56
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