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.
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