Amanda Richard Of Corcoran Sawyer Smith Represents Buyer In $2.1 Million Jersey City Multifamily Sale
311 York Street
$2,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 31, 2024
AI
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:
- Property Type: MultiFamily
- Transaction Amount: $2,100,000
- Address: 311 York Street
- Market: Jersey City
- Buyer's Representative: Amanda Richard - Corcoran Sawyer Smith
- Seller's Representative: Patrick Southern - Coldwell Banker
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
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93