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329 Varick Street

Renee Condon Acquires Multi-Family Property In Jersey City For $1.4M
SOLDMultiFamily

Renee Condon Acquires Multi-Family Property In Jersey City For $1.4M

329 Varick Street

$1,400,000

Building Size

Asset Type

MultiFamily

Closing

Oct 20, 2023

AI

A multi-family property located at 329 Varick Street in Jersey City has been sold for $1.4 million. The property, representing an asset type of multifamily, was successfully transacted with Gilli Axel and Karina Ayubi of Prominent Properties Sotheby's International Realty acting as the seller's representatives. Renee Condon of Keller Williams represented the buyer in this transaction.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,400,000
  • Date: 10/20/2023
  • Address: 329 Varick Street
  • Market: Jersey City

Gilli Axel and Karina Ayubi, from Prominent Properties Sotheby's International Realty, played a vital role as the seller's representatives in this property transaction. On the other hand, Renee Condon, a representative from Keller Williams, worked diligently to ensure the buyer's interests were well-represented.

Players

Renee Condon

Keller Williams Realty

Broker

$11.9M

vol

7 deals

Broker

Jersey City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93