Christopher Rassam & Staci Manoukian Complete $1.65M Multifamily Sale In Jersey City
304 3rd Street
$1,650,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 23, 2024
AI
304 3rd Street in Jersey City was recently sold for $1,650,000. The transaction involved a multifamily property and was facilitated by Christopher Rassam of Nest Seekers, who represented the buyer, while the seller, Staci Manoukian, was represented by Christie's International Real Estate.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Address: 304 3rd Street
- Market: Jersey City
- Buyer's Rep: Christopher Rassam, Steven Marin - KW City Life Realty
- Seller's Rep: Staci Manoukian - Christie's International Real Estate
Christopher Rassam from Nest Seekers and Staci Manoukian from Christie's International Real Estate played pivotal roles in the transaction as the buyer's and seller's representatives, respectively, ensuring a successful deal for the multifamily property at 304 3rd Street in Jersey City.
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93