Updated Dec 21, 2023
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
About this deal
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.
On the Map
$1,730,000
$2,883/SF
MultiFamily
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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