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
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