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305 3rd Street

Patrick Southern Of Coldwell Banker Brokers $1.65M Sale Of Jersey City Multifamily
SOLDMultiFamily

Patrick Southern Of Coldwell Banker Brokers $1.65M Sale Of Jersey City Multifamily

305 3rd Street

$1,650,000

Building Size

Asset Type

MultiFamily

Closing

Feb 21, 2024

AI

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.

Players

Patrick Southern

Coldwell Banker

Broker

$38.1M

vol

19 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