Updated Dec 4, 2024
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
About this deal
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.
The multifamily sale at 305 3rd Street in Jersey City, New Jersey sold for $1.7M in 2024. 305 3rd Street is classified as Multifamily on Traded. Patrick Southern, Coldwell Banker appear on the sale alongside Coldwell Banker. This page is the Jersey City, New Jersey file for the 305 3rd Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Jersey City sit in the Market section below. Filter that Jersey City multifamily set by closing date to see what else sold near 305 3rd Street around 2024. Published consideration for 305 3rd Street is $1.7M, dated 2024. Cite this Patrick Southern Of Coldwell Banker Brokers $1.65M Sale Of Jersey City Multifamily sale when underwriting similar multifamily product around Jersey City, New Jersey.
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