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304 3rd Street

Christopher Rassam & Staci Manoukian Complete $1.65M Multifamily Sale In Jersey City
SOLDMultiFamily

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

Staci Manoukian

Christie's International Real Estate

Broker

$20M

vol

11 deals

Broker

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