EXP Realty LLC Acquires Multifamily Property In Jersey City For $1.365M
292 Varick Street, Jersey City, NJ 07302
$1,365,000
$1,204/SF
Building Size
1,133 SF
Asset Type
MultiFamily
Closing
Apr 12, 2020
AI
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.
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
11.62%
Cash-on-Cash
-3.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93