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Pavel Saikin Acquires Multifamily Property In Jersey City For $2.225M As Buyer's Rep
SOLD
New Jersey
See Similar DealsMultiFamily
Sold 03/27/2024
SOLD
Pavel Saikin Acquires Multifamily Property In Jersey City For $2.225M As Buyer's Rep
309 York Street
See Similar DealsMultiFamily
Sold 03/27/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$118,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,904.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,547.64
Annual Debt Service$126,571.62
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