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309 York Street

Pavel Saikin Acquires Multifamily Property In Jersey City For $2.225M As Buyer's Rep
SOLDMultiFamily

Pavel Saikin Acquires Multifamily Property In Jersey City For $2.225M As Buyer's Rep

309 York Street

$2,225,000

Building Size

Asset Type

MultiFamily

Closing

Mar 27, 2024

AI

A multifamily property located at 309 York Street in Jersey City was sold for $2.225 million.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,225,000
  • Address: 309 York Street
  • Market: Jersey City

Pavel Saikin of Corcoran Sawyer Smith represented the buyer, while Patrick Southern of Coldwell Banker represented the seller in the transaction.

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

7.13%

Cash-on-Cash

-2.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93