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Patrick Southern Of Coldwell Banker Brokers $1.65M Sale Of Jersey City Multifamily
SOLD
$1,650,000
New Jersey
See Similar DealsMultiFamily
Sold 02/21/2024
SOLD
Patrick Southern Of Coldwell Banker Brokers $1.65M Sale Of Jersey City Multifamily
305 3rd Street
See Similar DealsMultiFamily
Sold 02/21/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
In Jersey City, a multifamily property located at 305 3rd Street was sold for $1,650,000. The transaction was brokered by Patrick Southern of Coldwell Banker.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Address: 305 3rd Street
- Market: Jersey City
Patrick Southern from Coldwell Banker facilitated the transaction, serving as the broker representing the parties involved in the sale of the multifamily property at 305 3rd Street.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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