facebook
Traded Co logo
Submit
Daily limit: 0/10

Amanda Richard Of Corcoran Sawyer Smith Represents Buyer In $2.1 Million Jersey City Multifamily Sale

Property Image
SOLD
$2,100,000
Patrick Southern
Amanda Richard

New Jersey

See Similar Deals
MultiFamily
Sold 07/31/2024
the dealplayerscompscontact
Property Image
SOLD

Amanda Richard Of Corcoran Sawyer Smith Represents Buyer In $2.1 Million Jersey City Multifamily Sale

311 York Street

See Similar Deals
MultiFamily
Sold 07/31/2024
Patrick Southern
Amanda Richard
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

The historic brownstone located at 311 York Street in Jersey City is a four-story, multi-family home that sold for $2.1 million. The property features modernized units while retaining original details, including a rent-occupied one-bedroom unit and a vacant triplex that showcases high-end finishes and a private balcony.

Summary of transation details:

Amanda Richard from Corcoran Sawyer Smith represented the buyer in this transaction, while Patrick Southern from Coldwell Banker represented the seller. This deal highlights the involvement of agents from reputable agencies within the Jersey City real estate market.

Players

Patrick Southern
Coldwell Banker
Patrick Southern
19 deals$38.1M volume
BROKER
Amanda Richard
The Corcoran Group
Amanda Richard
1 deal$2.1M volume(201) 344-8463
BROKER

Details

SOLD
IMAGE: Amanda Richard & Patrick Southern DATE: 07/31/2024 ADDRESS: 311 York Street MARKET: Jersey City ASSET TYPE: MultiFamily BUYER'S REP: Amanda Richard - Corcoran Sawyer Smith (@CorcoranSawyerSmith) SELLER'S REP: Patrick Southern (@PropertiesbySouthern) - Coldwell Banker (@ColdwellBanker) SALE PRICE: $2,100,000 NOTE: The historic brownstone at 311 York Street, Jersey City, sold for $2.1 million. The four-story, multi-family home features modernized units with original details, including a rent-occupied 1-bedroom unit and a vacant triplex with high-end finishes and a private balcony.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$112,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86