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311 York Street

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

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:

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

Broker

$38.1M

vol

19 deals

Broker

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