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310 Varick Street, Jersey C...

Compass New Jersey Acquires Multifamily Property In Jersey City For $1.73M
SOLDMultiFamily

Compass New Jersey Acquires Multifamily Property In Jersey City For $1.73M

310 Varick Street, Jersey City, NJ 07302

$1,730,000

$2,883/SF

Building Size

600 SF

Asset Type

MultiFamily

Closing

Aug 18, 2020

AI

310 Varick St in Jersey City has been sold for $1,730,000. The multifamily property was purchased on August 18, 2021. Irene Barnaby, represented byCMARKET: Jersey City, acted as the buyer's representative. On the other hand, Francesco Mazzaferro and Robert Harris from Christie's International R.E. North Jersey, Inc. represented the seller.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,730,000
  • Address: 310 Varick St
  • Date: August 18, 2021
  • Buyer's Representative: Irene Barnaby @irenebarnaby23 - CMARKET: Jersey City
  • Seller's Representatives: Francesco Mazzaferro & Robert Harris - Christie's International R.E. North Jersey, Inc.

Irene Barnaby, represented by CMARKET: Jersey City, successfully facilitated the purchase of the multifamily property located at 310 Varick St. On the other side of the transaction, Francesco Mazzaferro and Robert Harris, from Christie's International R.E. North Jersey, Inc., represented the seller. The deal was completed for a total of $1,730,000.

Players

Robert Harris

Christie's International Real Estate

Broker

$8.4M

vol

6 deals

Broker
Compass
CompassBrokerage

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

9.17%

Cash-on-Cash

-2.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93